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Unveiling the Bright Prospects for Forecasting the Financial Strength of the National Board of Zakat (BAZNAS) in Indonesia

In: Proceedings of the Conference on SDGs Transformation Through the Creative Economy: Encouraging Innovation and Sustainability (TCEEIS 2023)

Author

Listed:
  • Syamsuri

    (Universitas Darussalam Gontor)

  • Yaumi Sa’adah

    (Universitas Darussalam Gontor)

  • Fuadah Johari

    (Universiti Sains Islam Malaysia, Islamic Science and Wealth Management Institute, Faculty of Economics and Muamalat)

  • Nadhilah

    (Universitas Darussalam Gontor)

Abstract

This study aims to forecast the financial soundness of the National Board of Zakat (BAZNAS) in Indonesia. The data is taken from the financial reports of six BAZNAS from 2017 – 2021. The data from 30 Observations are divided into training and test data sets by using an 80:20 ratio. Based on the result of the study, it can be seen that there is a tendency to decrease the level of BAZNAS’s financial soundness using the current ratio of about 13,57% and 3,40% in 2023 and 2024 and a tendency to increase continuously about 3% from 2025 to 2030. In quick ratio, a tendency to decrease about 1–4% in 2023–2025 and a stagnancy during the period 2024–2025. Thus, a tendency to increase continuously by about 3% in 2026–2030. Meanwhile, the Cash Ratio there is a tendency to decrease by about 5,77% and 14,27% in 2023 and 2024. But there is a big tendency to increase during 2025 by about 14,22% and 33,99% in 2026 andthere is a tendency to increase by about 1% continuously from 2027 until 2030.

Suggested Citation

  • Syamsuri & Yaumi Sa’adah & Fuadah Johari & Nadhilah, 2023. "Unveiling the Bright Prospects for Forecasting the Financial Strength of the National Board of Zakat (BAZNAS) in Indonesia," Advances in Economics, Business and Management Research, in: Imam Abrori & Indrian Supheni & Muhammad Mudhofar & Wahyuning Murniati & Nico Irawan & Arfan Ikhsan (ed.), Proceedings of the Conference on SDGs Transformation Through the Creative Economy: Encouraging Innovation and Sustainability (TCEEIS 2023), pages 80-84, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-346-7_16
    DOI: 10.2991/978-94-6463-346-7_16
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