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...
Published in: | ASIA-PACIFIC MANAGEMENT ACCOUNTING JOURNAL |
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Format: | Article |
Language: | English |
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ASIA-PACIFIC MANAGEMENT ACCOUNTING ASSOC
2023
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Online Access: | https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001207732000015 |
author |
Hidayah Khusnul; Daud Dalila; Ainy Rintan Nuzul |
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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 |
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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 |
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topic |
Business & Economics |
topic_facet |
Business & Economics |
accesstype |
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id |
WOS:001207732000015 |
url |
https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001207732000015 |
record_format |
wos |
collection |
Web of Science (WoS) |
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1809679004213444608 |