Is Zakat Fund Management Better Post-Merger Islamic Bank?

Abstract

Indonesia's zakat fund management system consists of the Amil Zakat Agency and the Amil Zakat Institution. In addition, BAZ and LAZ are assisted by the Zakat Collection Unit, one of which is Sharia banking. One of the dynamics of the development of Sharia banks is the merger policy of state-owned Sharia banks, namely Bank Mandiri Syariah, BNI Syariah, and BRI Syariah to become Bank Syariah Indonesia, which is expected to have a positive impact on their social functions. This research analyzes the management of zakat funds in Sharia banks pre-post merger. The method used in this research is a quantitative method with a descriptive statistical approach and the paired sample t-test parametric test. The data collection method used is secondary data in the form of Sharia banking financial reports pre-post merger and previous literature relevant to the research topic. This research indicates significant differences in zakat management in Sharia banking pre-post merger. Zakat management in Sharia banking is better and has increased post-merger. The implications of this research illustrate the need for solid institutional synergy between zakat institutions and Sharia banking by maximizing resources and strengthening the zakat philanthropy ecosystem through the dynamics of policies related to enhancing the Sharia economy.