Title: TRANSFORMATION OF ISLAMIC VALUES INTO ZAKAT ACCOUNTING: A Case Study of Zakat Management Organizations in Surabaya

Authors: ELOK HENIWATI

Affiliations: Master of Accounting Study Program, Faculty of Economics and Business, Universitas Airlangga Surabaya

Publisher: Universitas Airlangga

Abstract

This study aims to provide an in-depth and comprehensive understanding of the accounting practices practiced by zakat management organizations (OPZ) and their impact on organizational accountability. This qualitative research employs a multiple ease studies approach with multiple unit analysis. The study focuses on the accounting practices of two OPZs in Surabaya: the A1Falah Social Fund Foundation (YDSF) and the East Java Province Zakat Agency (BAZ).

The results of the study at least show the following phenomena related to the accounting activities of zakat management organizations. These phenomena are: 1) until now zakat management organizations do not have zakat accounting guidelines so that in practice the organization bases it on PSAK No. 45 and modifies it with sharia principles; 2) this situation has implications for the formation of humanistic-spiritual zakat accounting, namely accounting that with its calculative power can stimulate the behavior of individuals around it to become individuals who always transform towards a better direction. Namely, with its calculative power, accounting is able to make muzakki to increase their zakat power, mustahiq to become muzakki, and for the organization itself, encourages zakat organizations to be more radar and sensitive to problems of misalignment that occur around them so that they are more active in raising funds and utilizing these funds effectively and efficiently; and 3) OPZ interprets accountability broadly and comprehensively beyond worldly boundaries, namely accountability to donors (muzakki, musaddiq, and munfiq), to the advisory board, and to God.

Keywords: Zakat organization accounting, zakat values ​​transformation, zakat accounting humanism

Sources: http://repository.unair.ac.id/34303/