Statement of Financial Accounting Standard (PSAK) No. 109 and Its Implementation in Several Zakat Management Organizations in Malang, East Java

Hasibuan, Henny Triyana

doi:10.22515/shirkah.v1i3.89

Cited by 9 publications

(9 citation statements)

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“…Thus, Indonesia Institute for Accountants (IAI) issued zakat, infaq, and alms standards, Statement of Financial Accounting Standards (PSAK No. 109) for Zakat Accounting (Hasibuan, 2016). PSAK No.…”

Section: Guidelines and Accounting Standards For Zakat Institutionsmentioning

confidence: 99%

“…Zakat is one of the important acts of worship in Islam. Zakat functions to solve economic issues by alleviating poverty (Hasibuan, 2016), specifically in Muslim-dominated countries (Bala et al, 2019). Therefore, zakat institutions have been established to improve zakat collection and utilisation to promote public welfare and poverty reduction (Sudirman et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

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Financial Report of Zakat Institutions: Guidelines and Accounting Standard

Bakri¹,

Endut²,

Ismail³

et al. 2022

IJARBSS

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Zakat is a Shariah mechanism that aims to achieve social justice, especially from an economic point of view. The purpose of establishing a zakat institution in a country is to manage activities related to the collection and distribution of zakat. In addition, zakat institutions also need to prepare financial reports. The preparation of financial reports is to disclose important information and activities of zakat institutions to stakeholders. The question now is, what are the accounting guidelines or standards used or referred to in preparing these reports? Thus, this paper tries to identify which guidelines or accounting standards are used or referred to in preparing financial reports by zakat institutions in two ASEAN countries, namely Malaysia and Indonesia. Based on the content analysis method, the findings show that both countries' accounting bodies or governments have issued guidelines or accounting standards to ensure adequate disclosures by zakat institutions. Although there are guidelines or standards, the findings showed that some zakat institutions do not fully comply with the standards or guidelines in preparing financial reports for their institutions.

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Section: Guidelines and Accounting Standards For Zakat Institutionsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Financial Report of Zakat Institutions: Guidelines and Accounting Standard

Bakri¹,

Endut²,

Ismail³

et al. 2022

IJARBSS

View full text Add to dashboard Cite

show abstract

“…Berbagai kajian akuntansi zakat yang telah dilakukan memiliki latar belakang dan sudut pandang yang beragam, baik dari segi isu, maupun paradigma riset. Isu yang paling populer adalah terkait akuntabilitas dan transparansi dana zakat (Muhammad 2006;Septiarini 2011;Huda dan Sawarjuwono 2013;Puspitasari dan Habiburrochman 2013;Nikmatuniayah dan Marliyati 2015;Hasibuan 2016;Rini 2016;Pertiwi et al 2017). Namun, ada juga kajian akuntansi zakat yang unik yakni dari sudut pandang akuntansi manajemen (Firmansyah dan Sukmana 2014;Paristu 2014), isu balance scorecard (Prasetyoningrum 2015) dan pola pengendalian internal (Paristu 2014;Fatmaningrum 2015).…”

Section: Pendahuluanunclassified

Tujuh Belas Tahun Studi Akuntansi Zakat Di Indonesia: Sebuah Reviu Sistematik Dan Saran Untuk Riset Di Masa Mendatang

Sofyani

2019

accounting, auditing, information

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<p><em>Roughly 17 years have passed since the first article on zakat accounting was written by Harahap and Yusuf (2002). Until 2019 today, the average accounting zakat articles published in accredited journals ranking 2 and 3 are only 1.53 per year. This indicates that attention to the issue of accounting for zakat by accounting academics is low. Various problems related to zakat accounting research are presented in this paper, starting from the shallowness of the study, there was no connection between one research with other research, and monotonous topics which have no follow-up on research design that should be more in-depth. Many papers also did not really present practical and theoretical contributions. Various research paradigms which are actually very valuable to be employed in zakat accounting research have also not been explored further. Departing from the various problems, this paper tries to provide direction for future research regarding zakat accounting issue. This paper is a systematic review of published research as well as developments in academic and practices issues in the field related to zakat accounting and Zakat Management Organization (OPZ). Review results offers three points of improvement for future studies, namely the proposal of several contemporary issues/topics that need to be investigated, the research paradigm recommended to be applied, and theories or concepts that need to be tested related to research on zakat accounting.</em></p>

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“…Haq And Farooq 2017This paper claims that Designing any solution toward poverty alleviation would be more useful when zakat resources are collected and combined with other resources and allocated toward addressing incidental and structural poverty in a systematic manner. Hasibuan (2016) This finds that some Zakat Management Organization in Malang do not prepare financial statements in accordance with PSAK 109 (accounting statements). Wahab, et.al.…”

Section: Zakatmentioning

confidence: 99%

A Recent (Partial) Survey on Islamic Finance

Çelik¹,

Ay²

2017

JIFS

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The purpose of the present survey is to review the articles published in the latest issue of Islamic finance journals in terms of conceptualization, methods, findings and research implications. We reviewed 106 articles via content analysis in order to shed a light on the current research stream in Islamic finance. The results indicate the latest research themes, research methods, research findings and research implications within a systematic pattern. These findings may show a future direction for further research within the field of Islamic Finance.

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Statement of Financial Accounting Standard (PSAK) No. 109 and Its Implementation in Several Zakat Management Organizations in Malang, East Java

Cited by 9 publications

References 0 publications

Financial Report of Zakat Institutions: Guidelines and Accounting Standard

Financial Report of Zakat Institutions: Guidelines and Accounting Standard

Tujuh Belas Tahun Studi Akuntansi Zakat Di Indonesia: Sebuah Reviu Sistematik Dan Saran Untuk Riset Di Masa Mendatang

A Recent (Partial) Survey on Islamic Finance

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