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Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy

Muslims in Indonesia constitute the majority, almost 87.2 percent of the total population, with a large zakat potential reaching 24.5 billion USD. However, only 5% of the potential zakat funds are currently being directed through zakat institutions. There exists a notable discrepancy between the pro...

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Main Authors: -, Khusnul Hidayah, Daud, Dalila, Nuzul Ainy, Rintan
Format: Article
Language:English
Published: Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA 2023
Subjects:
Alms (Zakat)
Accounting. Bookkeeping
Online Access:https://ir.uitm.edu.my/id/eprint/89335/1/89335.pdf
https://ir.uitm.edu.my/id/eprint/89335/
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spelling my.uitm.ir.893352024-01-11T08:27:14Z https://ir.uitm.edu.my/id/eprint/89335/ Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy apmaj -, Khusnul Hidayah Daud, Dalila Nuzul Ainy, Rintan Alms (Zakat) Accounting. Bookkeeping Muslims in Indonesia constitute the majority, almost 87.2 percent of the total population, with a large zakat potential reaching 24.5 billion USD. However, only 5% of the potential zakat funds are currently being directed through zakat institutions. There exists a notable discrepancy between the prospective and actualization of the collection of zakat funds. Despite the growth of zakat institutions from national to sub-district, there remains a limited number of zakat institutions that follow zakat accounting regulations. This study examines whether human resources, commitment, and supporting devices affect the implementation of zakat accounting based on the Statement of Financial Accounting Standards (PSAK) 109. A purposive sampling survey-based questionnaire was used to collect data from 40 amil of 15 national zakat institutions in Central Java and Yogyakarta. The data were analyzed using multiple linear regression models. The results show that human resources have a good influence on the implementation of PSAK 109 zakat accounting, but commitment and supporting devices have little effect. This study proposes amil expertise in accounting and works to support technology such as accounting software for PSAK 109-compliant zakat establishments’ financial management tasks. Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA 2023-12 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/89335/1/89335.pdf Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy. (2023) Asia-Pacific Management Accounting Journal (APMAJ) <https://ir.uitm.edu.my/view/publication/Asia-Pacific_Management_Accounting_Journal_=28APMAJ=29/>, 18 (3): 15. pp. 401-425. ISSN 2550-1631
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Alms (Zakat)
Accounting. Bookkeeping
spellingShingle Alms (Zakat)
Accounting. Bookkeeping
-, Khusnul Hidayah
Daud, Dalila
Nuzul Ainy, Rintan
Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy
description Muslims in Indonesia constitute the majority, almost 87.2 percent of the total population, with a large zakat potential reaching 24.5 billion USD. However, only 5% of the potential zakat funds are currently being directed through zakat institutions. There exists a notable discrepancy between the prospective and actualization of the collection of zakat funds. Despite the growth of zakat institutions from national to sub-district, there remains a limited number of zakat institutions that follow zakat accounting regulations. This study examines whether human resources, commitment, and supporting devices affect the implementation of zakat accounting based on the Statement of Financial Accounting Standards (PSAK) 109. A purposive sampling survey-based questionnaire was used to collect data from 40 amil of 15 national zakat institutions in Central Java and Yogyakarta. The data were analyzed using multiple linear regression models. The results show that human resources have a good influence on the implementation of PSAK 109 zakat accounting, but commitment and supporting devices have little effect. This study proposes amil expertise in accounting and works to support technology such as accounting software for PSAK 109-compliant zakat establishments’ financial management tasks.
format Article
author -, Khusnul Hidayah
Daud, Dalila
Nuzul Ainy, Rintan
author_facet -, Khusnul Hidayah
Daud, Dalila
Nuzul Ainy, Rintan
author_sort -, Khusnul Hidayah
title Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy
title_short Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy
title_full Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy
title_fullStr Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy
title_full_unstemmed Factors affecting the implementation of zakat accounting in Indonesia / Khusnul Hidayah, Dalila Daud and Rintan Nuzul Ainy
title_sort factors affecting the implementation of zakat accounting in indonesia / khusnul hidayah, dalila daud and rintan nuzul ainy
publisher Accounting Research Institute (ARI) and UiTM Press, Universiti Teknologi MARA
publishDate 2023
url https://ir.uitm.edu.my/id/eprint/89335/1/89335.pdf
https://ir.uitm.edu.my/id/eprint/89335/
_version_ 1789429267054985216
score 13.211869

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