Currently, the world is entering the fourth industrial revolution (4.0). This transformation has been changing how businesses work in all sectors, including the Islamic social finance industry. To reap the benefits that the revolution can bring, social finance institutions, especially zakat institutions would have to understand not only the advantages of implementing a particular technology but also how it will impact their businesses.

Next generation technologies such as Robotics Process Automation (RPA), artificial intelligence (AI), and the internet of things (IoT) is driving the next industrial revolution. With so many different types of this new generation technologies available, it is difficult to ascertain which ones will be best suited to support the Islamic social finance industry. Beyond understanding how a piece of technology works, Islamic social finance institutions especially zakat institutions, need to keep in mind the impact of technology in relation to the regulations and fiqh governing zakat, as well as its impact to the ummah.

To answer this challenges, the 3rd International Conference of Zakat (ICONZ) aims at bringing scholars and practitioners together to discuss the use and impact of the latest technology in Zakat management, as well as the collaborative processes and strategies of Zakat -related stakeholders.