Fintech Remittance Syariah : The Solution of Collection Ziswaf Overseas

Fundraising cross-border Zakah, infaq (charity spending), waqf (endowment) and sadaqah (voluntary charity) (ZISWAF) stated in Article 16 Law No. 23/2011 on Zakat Management is carried out by Baznas by forming UPZ representatives of the Republic of Indonesia abroad. The power of fintech that might be operated on a global scale can be an alternative for ZISWAF international friendly transfers. Based on the Islamic Finance News (IFN) report, as many as 142 Islamic fintechs are available worldwide. Islamic FinTech offers the opportunity to become more applicable to global Muslims. This article is a normative economic analysis on the basis of secondary data. This study found that there are three methods for managing transnational ziswaf that have been used globally, i.e, fintech crowdfunding cryptocurrency using a blockchain-based system, Payment via foreign fintech and fintech transfer peer-to-peer remittance, However, due to a number of variables, fintech remittance has an edge in the innovation of collecting ziswaf overseas in terms of popularity and halal transactions, despite the fact that it is not in the form of sharia. However, the development of sharia fintech remains the main goal of implementing muamalah in a kaffah ways. Key word: jizwaf, fintech syariah, ziswaf overseas, remittance