Factors Affecting the Implementation of Zakat Accounting in Indonesia

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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Published in:ASIA-PACIFIC MANAGEMENT ACCOUNTING JOURNAL
Main Authors: Hidayah, Khusnul; Daud, Dalila; Ainy, Rintan Nuzul
Format: Article
Language:English
Published: ASIA-PACIFIC MANAGEMENT ACCOUNTING ASSOC 2023
Subjects:
Online Access:https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001207732000015
author Hidayah
Khusnul; Daud
Dalila; Ainy
Rintan Nuzul
spellingShingle Hidayah
Khusnul; Daud
Dalila; Ainy
Rintan Nuzul
Factors Affecting the Implementation of Zakat Accounting in Indonesia
Business & Economics
author_facet Hidayah
Khusnul; Daud
Dalila; Ainy
Rintan Nuzul
author_sort Hidayah
spelling Hidayah, Khusnul; Daud, Dalila; Ainy, Rintan Nuzul
Factors Affecting the Implementation of Zakat Accounting in Indonesia
ASIA-PACIFIC MANAGEMENT ACCOUNTING JOURNAL
English
Article
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.
ASIA-PACIFIC MANAGEMENT ACCOUNTING ASSOC
1675-3194

2023
18
3

Business & Economics

WOS:001207732000015
https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001207732000015
title Factors Affecting the Implementation of Zakat Accounting in Indonesia
title_short Factors Affecting the Implementation of Zakat Accounting in Indonesia
title_full Factors Affecting the Implementation of Zakat Accounting in Indonesia
title_fullStr Factors Affecting the Implementation of Zakat Accounting in Indonesia
title_full_unstemmed Factors Affecting the Implementation of Zakat Accounting in Indonesia
title_sort Factors Affecting the Implementation of Zakat Accounting in Indonesia
container_title ASIA-PACIFIC MANAGEMENT ACCOUNTING JOURNAL
language English
format Article
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.
publisher ASIA-PACIFIC MANAGEMENT ACCOUNTING ASSOC
issn 1675-3194

publishDate 2023
container_volume 18
container_issue 3
doi_str_mv
topic Business & Economics
topic_facet Business & Economics
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