Zakat on Shares: Strategies for Optimizing Zakat Collection from the Securities Sector
Sri Fadilah *
Accounting Study Programs, Faculty of Economics and Business, Universitas Islam Bandung, Indonesia.
Epi Fitriah
Accounting Study Programs, Faculty of Economics and Business, Universitas Islam Bandung, Indonesia.
Nopi Hernawati
Accounting Study Programs, Faculty of Economics and Business, Universitas Islam Bandung, Indonesia.
Kania Nurcholisah
Accounting Study Programs, Faculty of Economics and Business, Universitas Islam Bandung, Indonesia.
Riyang Mardini
Accounting Study Programs, Faculty of Economics and Business, Universitas Islam Bandung, Indonesia.
Sintiya Sustika
Accounting Study Programs, Faculty of Economics and Business, Universitas Islam Bandung, Indonesia.
*Author to whom correspondence should be addressed.
Abstract
Aims: The purpose of this study is to determine and calculate stock zakat as a strategy to optimize zakat collection. The background of the research starts from the low zakat collection realized compared to the enormous potential. Zakat on shares can be used as an alternative source of zakat collection. The theory used is agency theory and entity theory to underlie this research. The research method used is survey with descriptive analysis approach. Survey on Health and technology industry companies listed on the Indonesia Stock Exchange.
Population and Sample: Data collection techniques used documentation, namely financial statements. The sample studied for 2 industry groups Health and technology. totaled 62 companies.
Methodology: The research method used in this research is a survey study method (Sekaran: 2016), namely a survey of companies listed on the Jakarta Indonesia Stock Exchange (IDX) in the Health and technology industry. The approach in the research is descriptive analysis research. Furthermore, this method describes a comprehensive search, with analysis can be chronological, conceptual, or thematic
Results: The results of this study are expected to be a reference for zakat institutions related to the strategy of optimizing zakat collection, especially the new potential of securities, namely stock zakat. The results showed that for the health and technology industries with the calculation of stock zakat, it was proven that stock zakat became a new zakat collection potential with a large zakat potential.
Conclusion: This study concludes that strategic environmental changes, particularly in economic and technological developments, demand that zakat institutions such as BAZNAS and LAZ implement optimization strategies in zakat management. One key strategy is exploring alternative zakat sources, including zakat on corporate shares. The findings indicate that zakat on shares from publicly listed companies, especially in the health and technology sectors, holds significant potential if calculated and managed appropriately.
Keywords: Social responsibility, Zakat, corporate Zakat, share Zakat