IKOPZ: Measuring The Health Index of Zakat, Infaq, and Sadaqah Fund Management in BAZNAS Special Region of Jakarta Province

Abstract

This study aims to measure the accountability of the management of Zakat, Infaq, and Sadaqah funds at  the  DKI  Jakarta  Provincial  National  Amil  Zakat  Agency  or  BAZNAS or BAZISS pecial  Region  of Jakarta. The use of the Zakat Management Organization  Health  Index or IKOPZ, developed  by  the BAZNAS  Center  for  Strategic  Studies(Puskas  BAZNAS) through  a  mixed  method  approach  with  a sequential explanatory strategy was used in this study. The test was conducted by assessing financial and  management  factors  with  a  total  of eighty-fiveindicators.  This research shows that BAZNAS of Special Region of Jakartafrom 2020 to 2021 consecutively has a goodhealth level condition because ofgood business management. The novelty in this research is the improvement of measurement based on IKOPZ which is more comprehensive than other methods  such  as  Zakat Core Principle,  National Zakat  Index,  and  so  on. As an example, IKOPZ  measures  financial  factors  consisting  of  activity, operations, liquidity,  and growth,  while  management factors  are measured through an assessment of general  management,  risk  management,  and  sharia  compliance. The research results have  practical implications  to  support  the  accountability  of  ZIS  fund  management.  For other zakat management organizations, this research can be a reference to develop and strengthen organizational governance. For some similar industries such as non-profit  organizations,  perhaps  some  indicators  in  financial and management factors in this study can also be used as a reference.