ABSTRACT
Non-profit institutions, like zakat institutions, are one of the instruments of Islamic economy instruments. Zakat is one of the pillars of Islam and also one of public finance source. Recently zakat was categorized as a principle of Islamic social finance which is developed by the Islamic Research and Training Institute-Islamic Development Bank (IRTI-IDB). The role of zakat is very important to increase the welfare of society; therefore, the management of zakat institutions is very important to increase its accountability. One of zakat management policies is risk management. This research investigated and described the process of risk management in zakat institutions using a qualitative method based on literature review. This research described the implementation of risk management in zakat institutions in Indonesia. The result of this research described risk management of zakat institutions to increase effectiveness.
