Takaful: Principles and Applications in Managing Death Charity Money Scheme (DCMS) at Tengku Mizan Zainal Abidin Mosque, Kerteh, Terengganu to Develop Ecosystem of Halal Social Economy

Abstract

Takaful is one of the principles of muamalah for community social activities. Takaful needs to be studied more deeply in terms of principles and applications. The Charity Money Scheme (CMS) is commonly referred to as the Death Charity Scheme (DCMS), which includes the field of muamalah practiced by the Tengku Mizan Zainal Abidin Mosque, Kerteh, Terengganu. Muamalah discusses the economic ecosystem that is a community need. Therefore, it is necessary to study takaful according to sharia as a principle to run DCMS to preserve the economic ecosystem. The objective of this study is to find out the principles of takaful in sharia as a basis in running DCMS and to identify the management concept of DCMS in Tengku Mizan Zainal Abidin Mosque, Kerteh Terengganu. Also analyze the application of takaful to DCMS management in developing the economic ecosystem. The method in preparing the study is descriptive qualitative method through library method either through primary and secondary sources. Also conducted a structured interview with the mosque over the phone to obtain information about this study. The collected data has been documented and will then be analyzed to reach the findings of the study. The results of the study found that the principle of takaful is legally sanctioned in terms of sharia law and can be used as a contract in the administration of DCMS. Mechanistically, DCMS is very compatible with takaful principles. At the same time, this mechanism will develop the ecosystem of halal social economic.