Corporate Zakat Research Articles

PENGARUH KECUKUPAN MODAL, PROFITABILITAS, DAN EFISIENSI TERHADAP ZAKAT PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERATING

This research is motivated by the lack of financial performance discipline in paying zakat in Islamic banking. Not all Islamic banks in Indonesia fulfill their obligations in issuing corporate zakat. This is judged by the very essential position of Islamic banking, and is a good example for companies in issuing zakat in order to help the welfare of the community. The purpose of this study is to examine the effect of financial performance ratios, namely capital as proxied by Capital Adequacy Ratio (CAR), profitability as proxied by Return Of Assets (ROA), efficiency as proxied by Expenses/Operational Income to Islamic banking zakat. The approach in this study uses quantitative methods, with this type of research using associative. The sampling technique used purposive sampling, with secondary data. The data source uses the company's annual report recorded at the Financial Services Authority for the 2011-2020 period. The analytical methods used in this study include (1) Descriptive Statistics, (2) Test Models; (3) Classical Assumption Test, (4) Hypothesis Testing; (5) Moderation Regression Analysis. The analytical tool used in this research is EViews 10. The results showed that (1) CAR had no significant effect on corporate zakat (2) ROA had a significant effect on corporate zakat (3) BOPO had no significant effect on corporate zakat (4) company size was unable to moderate CAR on corporate zakat (5) company size unable to moderate ROA on corporate zakat; (6) the size of the company is able to moderate the BOPO against corporate zakat.

Pengaruh Profitabilitas dan Likuiditas Terhadap Zakat Perusahaan Pada Bank Umum Syariah di Indonesia

This research aims to determine the influence of profitability and liquidity on corporate zakat (Islamic almsgiving) for Islamic Commercial Banks in the period of 2021-2023 in Indonesia. The population of this study consists of Islamic Commercial Banks operating in Indonesia. The research employs purposive sampling as the sampling method. After selection, the sample includes four Islamic Commercial Banks: Bank Muamalat Indonesia, Bank Syariah Indonesia, Bank Mega Syariah, and Bank Panin Dubai Syariah. This research follows a quantitative approach using multiple regression analysis, and the analysis is conducted using SPSS. The research results indicate that the profitability variables, proxied by Return On Equity (ROE) and the Operating Expenses to Operating Income Ratio (BOPO), and the liquidity variable, proxied by Financing to Deposit Ratio (FDR), collectively have a positive and significant impact on corporate zakat. In partial testing, the Profitability variable, which is proxied by Return On Equity (ROE), has a significant positive influence on the company's zakat expenditure, while the Operating Costs, Operating Income (BOPO) has no effect on the company's zakat expenditure, and the Liquidity variable, which is proxied by the Financing to Deposit Ratio. (FDR) has a significant negative effect on company zakat expenditure. This explains how the profitability and liquidity of Islamic banks can affect their social obligations in paying corporate zakat, which is an important aspect of the Islamic economy in Indonesia.

Accounting Treatment for Corporate Zakat in Indonesia

Accounting Treatment for Corporate Zakat in Indonesia

ANALISIS PENGARUH KINERJA KEUANGAN DAN ISLAMIC CORPORATE SOCIAL RESPONSIBILITY (ICSR) TERHADAP PENGELUARAN ZAKAT PERUSAHAAN (Studi Kasus Bank Umum Syariah di Indonesia Tahun 2017-2021)

This study aims to analyze the effect of the financial performance and Islamic Corporate Social Responsibility (ICSR) on the corporate zakat in sharia commercial banks in 2017-2021. This study uses a quantitative approach with the population of 15 Islamic Commercial Banks in Indonesia registered with the OJK in 2017-2021. The source of data comes from secondary data in the form of financial statements and annual reports contained in each company's website. The samples are 6 Islamic Commercial Banks obtained by using a purposive sampling method. Data analysis used is a multiple linear regression test. The results of this study indicate that partially ROA has no a significant effect on the company's zakat, ROE has a significant effect on the company's zakat, NOM has no a significant effect on the company’s zakat, and Islamic Corporate Social Responsibility (ICSR) has a significant effect on the company's zakat. Meanwhile, simultaneously, the financial performance and Islamic Corporate Social Responsibility (ICSR) have an effect on the company's zakat.

ZAKAT AND SUSTAINABLE DEVELOPMENT GOALS: A REVIEW ON ZAKAT COMPUTATION AND DISCLOSURE AMONG ISLAMIC BANKING INSTITUTIONS IN MALAYSIA

The most crucial step in reaching the sustainable development goals (SDGs) is reducing poverty, and zakat as a wealth distribution mechanism has an impact on this goal. Islamic banks' zakat payments contributed significantly to lowering poverty levels. As a result, Islamic financial organisations that satisfy the requirements must fulfil their corporate zakat responsibilities in accordance with standard given. Additionally, the bank needs guiding principles, including the zakat calculating procedure, for assessing commercial zakat. Hence, the purpose of this study is to look into how Islamic banking institutions in Malaysia compute and disclose their zakat currently. The study initially employs content analysis of the annual report. The annual report of 16 Islamic banks for the year 2021 are used to analyse the current zakat computation method. Using the content analysis technique, this study discovered that the growth method is the most desired method, used by six banks, followed by the working capital method, used by five banks. According to the study, the methodology employed by Islamic banks to calculate zakat vary from year to year, with some banks seize up to utilise a consistent system. This study will not only improve comprehension of Islamic accounting literature, specifically zakat computation methods, but will also provide useful insights for practitioners and relevant authorities. Each Islamic bank should have a clear policy in place for assessing accurate commercial zakat, including the zakat computation methods.

Corporate Zakat in Perspective of Stakeholder Theory: A Case Study of Islamic Rural Banks

In Indonesia, potential sources of zakat are grouped into three parts: potential zakat from individual or family groups, potential zakat from companies/industry, and from the results of deposits of zakat funds stored in banks. This study analyzes corporate zakat from the stakeholder theory's perspective with primary and secondary data from Islamic rural banks in the Special Region of Yogyakarta. The data analysis used qualitative from interviews and quantitative descriptive approach from the company report. Conclusions are drawn by describing secondary data, which is deepened through interviews with the directors of Islamic rural banks and relating them to stakeholder theory. The results of this study indicate that corporate zakat is in line with stakeholder theory because it positively impacts the performance of Islamic rural banks in Yogyakarta. Meanwhile, the muamalah approach to corporate zakat law has opened space for ijtihad against zakat law. Another conclusion states that Islamic rural banks that run zakat will improve business performance because the social approach can maintain stronger business relationships.

Islamic Law and Society in Indonesia: Corporate Zakat Norms and Practices in Islamic Banks , by Alfitri

Islamic Law and Society in Indonesia: Corporate Zakat Norms and Practices in Islamic Banks , by Alfitri

Evidence of Corporate Zakat Issuance in Sharia Bank in Southeast Asia: Profitability and Liquidity

This research aims to examine the effect of ROA, NPM, GPM, BOPO, and FDR, both partially and simultaneously in scientific writing. Islamic banking in Southeast Asia is the subject of research, using the panel data regression analysis method. The type and research approach used is quantitative research with an explanatory approach. Chow test, Hausman test, Lagrange multiplier test, classic assumption test, panel data regression equation test, and hypothesis testing are panel data analysis methods in research. ROA (X1), NPM (X2), GPM (X3), BOPO (X4), and FDR (X5) are the independent variables used in this study. Zakat expenditure of Islamic banking companies is the dependent variable (Y). The results of the study concluded that the ROA and BOPO variables partially had no significant effect on the zakat expenditure of Islamic banking companies in Southeast Asia, while the NPM and GPM variables partially had a significant effect on the zakat expenditure of Islamic banking companies in Southeast Asia. Meanwhile, the ROA, NPM, GPM, and BOPO variables simultaneously have a significant effect on the zakat expenditure of Islamic banking companies in Southeast Asia.

The Use Of Zakat Logo In Optimizing The Collection Of Corporate Zakat In The State Of Kedah

All approaches to increase corporate zakat collection must be intensified by zakat institutions and supported by corporate company owners so that the annual corporate zakat collection target is achieved despite the challenges that zakat institutions have to go through. Various initiatives have been implemented by zakat institutions such as LZNK by introducing innovative corporate zakat collection promotion methods through the use of zakat logos for corporate companies in the state of Kedah. This effort not only demands the duty of the amil to collect corporate zakat from corporate companies, but it is also a human need for the property to guarantee the blessing of corporate companies in their business when paying Zakat. Thus, this article aims to discuss the concept of using the zakat logo in Kedah. This article will also examine the procedures for obtaining the zakat logo by corporate companies in Kedah. This qualitative study uses documentation, observation, and interview methods in the data collection process. The results of the study found that the use of the zakat logo on corporate companies can increase corporate zakat collection in addition to achieving the objective of zakat shari'a through property care in the aspect of maqasid shari’a. The study also found that only corporate companies that meet the specified conditions are eligible to get a zakat logo from the LZNK such as Muslims, zakat payers at LZNK according to the actual count, and others. It is hoped that this study can provide guidance and references to zakat institutions or certain organizations in managing affairs related to corporate zakat collection in facing the challenges of corporate zakat collection in Malaysia. Further research needs to be done to encourage the use of the zakat logo so that it can be applied by all states in Malaysia so that the corporate zakat collection rate can be optimized from time to time.

Zakat of Maslahah-Based Companies in Improving Business Continuity

The purpose of this research is to find out the method of calculating Zakat company in KSPPS Bakti Huria Syariah based on maslaha and the role of Zakat in increasing business continuity. The type of research used was qualitative research with a phenomenological approach, which is located at KSPPS Bakti Huria Syariah on Jln. Malengkeri. The results showed that the company’s zakat provisions in KSPPS Bakti Huria Syariah are based on AD/ART where the amount of zakat issued is based on the profits earned deducted by the obligation multiplied by 2.5% every month at each branch which is then collected at the head office. Maṣlaha-based zakat consists of two components, namely profits and blessings, blessings obtained, namely the blessings of heaven in the form of rewards at the end of the day, blessings on earth in the form of positive images obtained from the community, loyalty and productivity from employees. In addition, the role of zakat in increasing business continuity can be seen from KSPPS Bakti Huria Syariah getting a positive image from the community which in the long term will increase profits, from a capital and financial aspect since the transfer of KSPPS Bakti Huria Syariah has increased from the number of branches of 25, an increase in the number of members, from the aspect of human resources, the provision of training facilities for skill development, religious studies and the provision of educational facilities for branch heads. The implications of this research are expected to be a source of development and application for other researchers, especially those related to the method of calculating corporate zakat, corporate zakat based on maslaha, and the effect of zakat on business continuity. In addition, this research is expected to be able to become a basis for the government or related institutions to make more binding regulations.

The effect of islamic corporate social responsibility, corporate zakat, liquidity and company on financial performance of sharia banks

This study aims to examine and determine the effect of Islamic Corporate Social Responsibility (ICSR), corporate zakat and liquidity on the financial performance of Islamic banking. In addition, this study also aims to examine whether the variable size of the company moderates the relationship between each variable Islamic Corporate Social Responsibility (ICSR), corporate zakat and liquidity on the financial performance of Islamic banking. The sample used in this study is Islamic commercial banks listed at the OJK for the 2016-2020 period. The total sample is 9 Islamic commercial banks using purposive sampling. The data used are secondary data, the analytycal method used is panel data regression analysis with a Moderated Regression Analysis (MRA) test using data processing software Eviews 9. The results show that partially Islamic Corporate Social Responsibility (ICSR) has a negative and significant effect on financial performance as measured by ROA, corporate zakat has a negative and insignificant effect on financial performance as measured by ROA, liquidity as measured by the Current Ratio (CR) has an effect negative and insignificant to financial performance as measured by ROA. The results of research related to moderating variables show that company size is able to moderate the relationship between ICSR and financial performance, company size has no effect as a moderating variable between company zakat and financial performance and company size has no effect as a moderating variable between liquidity and performance.Keywords: Islamic Corporate Social Responsibility (ICSR), corporate zakat, liquidity, company size, financial performance.

Company Zakat Distribution Model in Metro Lampung

This article aims to describe the corporate zakat implementation model in Metro City, as implemented by the Grand Sekuntum Syariah Metro hotel. This research is a field research, data collection techniques using documentation and interviews. The analysis technique used is a qualitative technique. The results of this study indicate that the distribution of company zakat is carried out by taking into account two criteria, namely consumptive and productive. Consumptive zakat is given directly to mustahik without empowerment. This zakat is distributed directly to the underprivileged people who are around the hotel in the form of consumable needs, such as food, clothing, and housing needs in general. Meanwhile, for productive zakat distribution, the hotel cooperates with the Amil Zakat Institution in Metro City, the hotel gives its zakat funds to the amil zakat institution. The zakat funds are used to support productive zakat distribution programs in Metro City.

Asset Valuation to Determine the Company Zakat Amount with Historical Cost and Current Value

This study aims to analyze and compare historical cost and current value as the basis for asset valuation in determining the amount of zakat of a company. This research was conducted at the Makassar Branch of the Indonesia Stock Exchange. The researcher also visited the official website of the Indonesia Stock Exchange (www.idx.co.id) and the official website of the Financial Services Authority for the Sharia Capital Market (www.syariah.ojk.go.id). The research was carried out in approximately 2 months, starting from August 2020 to September 2020. This study uses quantitative data methods. This study using a case study approach. The data source used in this study is secondary data obtained from the company's published financial statements taken from the Indonesia Stock Exchange. The results show that the calculation of corporate zakat is still experiencing difficulties because there are different calculation formats and different elements of financial statements between the current standard format and the fiqh language due to lack of socialization to the company, and almost all calculation methods show more significant results when the assets are valued using current values

Exploring Zakat Distribution Practices for CSR Initiatives: Perspectives of Corporate Zakat Payers in Malaysia

Exploring Zakat Distribution Practices for CSR Initiatives: Perspectives of Corporate Zakat Payers in Malaysia

Analisis Pengaruh Kinerja Keuangan terhadap Pengeluaran Dana Zakat Perusahaan pada Bank Umum Syariah

This study aims to analyze the effect of Return on Asset, Non-Performing Financing, Financing to Deposit Ratio, and Capital Adequacy Ratio on the expenditure of corporate zakat funds at Islamic Commercial Banks for the 2014-2020 period. The data used is secondary data, namely annual financial report data published on the official website of each bank which is collected through documentation techniques in the form of documents and other financial reports related to this research. The number of samples used in this study was six of 14 Islamic Commercial Banks. The sampling technique used the purposive sampling technique. The analytical method used is panel data regression analysis with Eviews version 9. The results of this study indicate that the ROA and FDR have a significant effect on the expenditure of zakat funds in Islamic Commercial Banks. Meanwhile, NPF and CAR partially have no significant effect on the expenditure of zakat funds in Islamic Commercial Banks. Simultaneously ROA, NPF, FDR, and CAR have an effect on the company's zakat funds disbursement at Islamic Commercial Banks.

Pengaruh Ukuran Perusahaan Terhadap Zakat Bank Syariah Dengan ISR Sebagai Variabel Moderasi

This study aims to analyze the moderation of Islamic Social Reporting (ISR) on the effect of firm size on corporate zakat. This study uses sharia commercial banks as research samples taken from 2014-2020. This data was obtained from the OJK and BI websites. This study uses a purposive sampling technique with 38 observations from six sharia commercial banks and uses a quantitative approach with secondary data from the annual reports of sharia commercial banks. The method used in testing this data using simple linear regression analysis and MRA test. The results of this study indicate that the firm size variable has a positive effect on corporate zakat. This study also shows that the Islamic Social Reporting variable cannot moderate the relationship between company size and company zakat.

Zakat Perusahaan Daerah Air Minum Tirto Panguripan Kabupaten Kendal Perspektif Maqāṣid Syarī’ah

The management of corporate zakat in the maqashid sharia perspective is the management of corporate zakat that refers to the goals of sharia so that maslahah is achieved among the people. The existence of this research is expected to be a small step that bridges the community to better understand the company's zakat. The purpose of this study is so that writers and readers can better understand the company's zakat. This research is a qualitative research that is outlined in a description, after going through a series of data searches from direct and indirect sources. Direct research was conducted by interviewing the Kendal Regency BAZNAS as the zakat management agency and the PDAM as muzaki. From this study, the researchers obtained the following results: first, the management of company zakat from the Panguripan Regional Drinking Water Company, Kendal Regency by the National Amil Zakat Agency of Kendal Regency, was implemented in the orphanage compensation program and the distribution of SR or clean water channels for families who less fortunate. Second, the company’s zakat utilization program is included in the maqashid sharia dzaruriyyat group because it relates to primary human needs. These programs cover several criteria for the dzaruriyyat group, namely hifdzu ad-din, hifdzu an-nafs, hifdzu al-aql, hifdzu an-nasl and hifdzu al-mal.

Analisis Pengaruh Kinerja Keuangan Terhadap Zakat Perusahaan Asuransi Syariah


 Sharia insurance is an effort to protect and help each other among policyholders which is carried out through the collection and management of tabarru funds that provide a pattern of returns to face certain risks through contracts that are in accordance with sharia principles. The aims of this study are (1) to understand the financial performance of Islamic insurance companies, (2) to understand the company's zakat, (3) to understand the effect of financial performance on Islamic insurance companies' zakat, and (4) to understand ROE and ROA. The research used in this research is quantitative deskriptive. The data is taken from secondary data, namely secondary financial statements. Hypothesis testing in this study uses regression analysis. In this study using the company's performance by using the ratio of ROE and ROA. The results of this study indicate that the company's performance using the ROE and ROA methods on the calculation of company zakat has a positive influence on company zakat, but all the results of the calculation can be concluded that insurance company zakat is influenced by the company's operational performance but not fully influenced by ROA and ROE, however. This could be a factor that influences the company in issuing its obligation to pay zakat.
 Keywords: Financial Performance, Corporate Zakat, Sharia Insurance

Hoping Of Zakat Reinforcing Philanthropy In Indonesia

Indonesia is the most generous country by donating unknown people, money donations, and volunteer activities based on the World Giving Index by the Muslim majority population, contributing to the poor's socioeconomic, welfare, and empowerment. Zakat is a philanthropic activity with great potential and utilization, but there is a gap between its revenue potential and its realization. This research aims to describe the hope that zakat will strengthen philanthropy in Indonesia. The research method uses a qualitative descriptive approach and reports from zakat institution's secondary data sources. The results showed 81 amil zakat institutions and 491 zakat bureaus as zakat collection institutions increased in zakat collection by 26%, consisting of zakat fitrah, zakat mal income, zakat institutions, and individual zakat as 5.1 million people and corporate zakat as 36,000. Zakat through e-zakat or bank transfers and e-payments reached 93% during the Covid-19 pandemic. Zakat gives excellent hope to society's welfare through government and stakeholder regulations that can reduce the level of poverty. Zakat IDR 10.2 trillion gives hope to 23 million people and frees 15759 from the poverty line with better distribution effectiveness; the philanthropic hope of strengthening zakat in Indonesia has provided benefits and community welfare.

PENGARUH INTELLECTUAL CAPITAL, ISLAMIC CORPORATE SOCIAL RESPONSIBILITY DAN ZAKAT TERHADAP KINERJA KEUANGAN BANK UMUM SYARIAH PERIODE 2012-2020

Knowledge is an important requirement for a company, especially in service companies such as sharia banking, where operational activities directly interact with customers, so that existing human resources must have adequate skills and knowledge. Based on a brief description of the background, the formulation of the research problem (1) does Intellectual Capital affect the financial performance of Islamic commercial banks for the 2012-2020 period? (2) does Islamic Corporate Social Responsibility affect the financial performance of Islamic commercial banks for the period 2012-2020? (3) Does Zakat affect the financial performance of Islamic commercial banks for the period 2012-2020? (4) whether Intellectual Capital, Islamic Corporate Social Responsibility and Zakat affect the financial performance of Islamic commercial banks for the period 2012-2020.
 This study aims to determine the effect of Intellectual Capital, Islamic Corporate Social Responsibility, and Zakat on the financial performance of Islamic commercial banks for the period 2012-2020. This research is a quantitative research. The population of this research is all Islamic Commercial Banks in Indonesia. This research uses purposive sampling method. The sample used in this study were 4 Islamic Commercial Banks that met the required criteria. The data used is secondary data and the analysis method used is panel data regression analysis.
 The results of the research show that partially the results