Identifying Disclosure Items for Zakat Institutions

Nelson, Sherliza Puat; Sapingi, Raedah; Ahmad, Maslina

doi:10.2139/ssrn.3164698

Cited by 1 publication

(1 citation statement)

References 6 publications

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“…Also, information regarding the collection and distribution of zakat, infaq, and sodaqah should be disclosed. Several things need to be disclosed, namely details of the amount of zakat received and distribution from each category, analysis of efficiency ratios, collection and division charts, distribution and collection and, costs, aswell as the percentage in each category, compared to the total distribution amount (Nelson et al, 2017).…”

Section: Financial Accounting Standards and Financial Transparency Of Zakat Institutionsmentioning

confidence: 99%

Zakat Institution of Financial Transparency Model: An Explanatory Research

Wahyudi

Huda

Herianingrum³

et al. 2021

ZISWAF

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Public demand for financial transparency of zakat institutions is getting stronger. The weak quality of financial reports resulted in a distrust of this institution. Therefore, a framework is needed as a reference in compiling and presenting quality financial reports that meet public expectations. This article aims to propose a financial transparency framework for the Amil Zakat Institution (LAZ) in Indonesia. This is a descriptive qualitative study with an explanatory approach. Furthermore, data collection was carried out through studies related to financial transparency of the institution and was complemented by interviews with directors, distribution managers, accounting staff, and three muzaki of zakat institutions in Central Java. The results concluded that the framework for transparency practice in the financial statements of zakat institutions comprises three parts, namely the principle of tauhid as a foundation component. Amil zakat professionalism, internal audit, internal control, and financial accounting standards are the principal components, as well as the use of the website as support. The implication of this study is that the credibility of zakat institutions can be increased by improving the quality of financial reports.

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Section: Financial Accounting Standards and Financial Transparency Of Zakat Institutionsmentioning

confidence: 99%