ACCOUNTING PRINCIPLES OF ZAKAT AND WAKF AND GOOD CORPORATE GOVERNANCE OF ZISWA INSTITUTIONS

Abstract

Zakat, Infaq, Sadaqah, and Waqf are instruments that cannot be separated in worship accompanied by social relations. The distribution of Zakat and Waqf involves amil, while infaq and sadaqah allow it to be directly distributed by those who donate without going through amil. The position of Amil who receives the mandate of ZISWA distribution is required to carry out bookkeeping/accounting as a form of transparency and accountability in managing ZISWA funds in order to increase public trust in the institution. Amil zakat and Nadzir have roles as managers and are responsible for implementing the principles of transparency and accountability. This is the focus of our discussion in this paper, namely how the Amil Zakat Agency applies the principles of transparency and accountability and the principles of Good Corporate Governance (GCG) for the management of ZISWA.