Abstract

The role of zakat in economic development in Indonesia is increasingly being felt. In addition to the distribution allocation through the appropriate zakat program, it is also necessary to pay attention to the contribution of the zakat revenue. This study aims to analyze the contribution of the Large and Medium Industrial Production Index (IPBS) as a real sector variable while the Return on Assets (ROA) of the Islamic banking industry as the monetary sector and inflation to the receipt of Zakat, infaq, and alms (ZIS) in the National Zakat Agency ( BAZNAS). The analysis technique used is the Vector Auto-Regressive (VAR) / Vector Error Correction Model (VECM). The type of data used is secondary data using monthly data for the period 2011 to 2019. The results of the study show that the real sector has a causal relationship with the ZIS fund collection. Inflation and ZIS revenues have a one-way relationship. Real sector variable shocks responded positively and were very dominant by ZIS revenues compared to the ROA of Islamic banking as well as inflation. The real sector variable is also predicted to contribute the most in raising ZIS funds in the future.

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