The Impact of the Implementation of Sharia Accounting on the Financial Transparency of Zakat Institutions
Year: 2024
Type: article
Abstract: This study aims to analyze the impact of the implementation of Sharia accounting on the financial transparency of zakat institutions. As zakat plays a crucial role in promoting social welfare and economic justice in Islamic societies, the integrity and accountability of its management are essential. Using a mixed-methods approach, the research involves both quantitative analysis of financial reports from selected zakat institutions and qualitative interviews with institutional managers and auditors. The results reveal that zakat institutions that consistently apply Sharia accounting standards such as PSAK Syariah and AAOIFI guidelines demonstrate significantly higher levels of financial transparency. These institutions produce more structured, timely, and publicly accessible reports, strengthening stakeholder trust, particularly among donors and regulatory authorities. The study also identifies challenges such as limited accounting expertise and uneven adoption of standards across institutions. Based on the findings, the research recommends standardizing Sharia accounting practices, strengthening Sharia supervisory functions, and investing in training and digital financial systems. Ultimately, the implementation of Sharia accounting enhances the credibility, accountability, and effectiveness of zakat institutions in fulfilling their religious and social mandates.
Source: Seriat Ekonomisi
DOI: 10.35335/0bcvvg33
Authors: Nazira Fadillah, Muji Prasetyo
Institution: Sultan Agung Islamic University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4411358474