TY - JOUR T1 - Determinants of Zakah Disclosure Level: Evidence for Indonesia AU - Kusuma, Hadri PY - 2019 DA - November DO - 10.25272/ijisef.583662 JF - Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi JO - IJISEF PB - Politik Ekonomik ve Sosyal Araştırmalar Merkezi WT - DergiPark SN - 2149-8393 SP - 16 EP - 27 VL - 5 IS - 3 LA - en AB - Accounting standardregulates the critical points of zakah disclosure in Islamic banking, but the voluntarydisclosure has not been conducted by Islamic Banks. The determinants of zakahdisclosure level for those banks are important to consider because zakahmanagement in Indonesia has not been conducted optimally. Unfortunately,previous studies have not investigated the issue. This study has two objectives:to evaluate zakah disclosure level in Islamic Banks in Indonesia and to analyzethe determinants of zakah disclosure level. This study measured the ShariahSupervisory Board using Islamic Governance (IG)-Score and the proportion of theInvestment Account Holder (IAH) funds. The model then was controlled by thevariables of bank size and leverage. The IG-score was measured using fiveindicators: the existence of SSB, the number of SSB members, cross-memberships,doctoral qualification of SSB members, and reputable scholars on SSB. Thepopulation was all public Islamic Banks in Indonesia, and the samples werecollected using purposive sampling from the annual reports of the banks in theperiod of 2012-2016. Regression analysis and t-test were conducted to test the hypothesesand zakah disclosure level before and after revised PSAK 101 in 2014. The result of thisstudy indicated that the zakah disclosure level of the Islamic banks was quitehigh with an average of 67%. Most of the disclosures were still limited to theexisting rules required (mandatory disclosures). The t-test result indicatedthat zakah disclosure levels of 2014 and 2015 (implementation of revised PSAK101 in 2014) were significantly different. As an interesting point, both ShariahSupervisory Board and the proportion of Investment Account Holder (IAH) fundssignificantly improved zakah disclosure level. KW - Zakah KW - Disclosure KW - Shariah Supervisory KW - Investment Account CR - Akin, A., and Yilmaz, İ. (2016). Drivers of Corporate Social Responsibility Disclosures: Evidence from Turkish Banking Sector. Procedia Economics and Finance 38. CR - Andrikopoulos, A., Samitas, A., and Bekiaris, M. (2014). Corporate Social Responsibility Reporting in financial Institutions : Evidence from Euronext. Research in International Business and Finance. CR - Anggraini, F. R. (2006). Pengungkapan Informasi Sosial dan Faktor-Faktor yang Mempengaruhi Pengungkapan Informasi Sosial dalam Laporan Keuangan Tahunan. Simposium Nasional Akuntansi 9 Padang. CR - Chakroun, R., Matoussi, H., and Mbirki, S. (2017). Determinants of CSR disclosure of Tunisian listed banks: a multi support analysis. Social Responsibility Journal. CR - Charles, and Chariri. (2012). Analisis Pengaruh Islamic Corporate Governance terhadap Pengungkapan Islamic Social Responsibility . Diponegoro Journal of Accounting. CR - Cuganesan, S., Ward, L., and Guthrie, J. (2009). Legitimacy Theory: A Story of Reporting Social and Environmental Matters within the Australian Food and Beverage Industry. SSRN. CR - Deegan, C. (2002). The Legitimising Effect of Social and Enviromental Disclosures-a Theoretical Foundation. Accounting, Auditing and Accountability Journal. CR - Deegan, C., and Rankin, M. (1997). The Materiality of Environmental Information to Users of Annual Reports. Accounting, Auditing and Accountability Journal. CR - Drobetz, W., Merikas, A., Merika, A., and Tsionas, M. G. (2014). Corporate Social Responsibility Disclosure: The Case of International Shipping. Transportation Research Part E. CR - Esa, E., and Zahari, A. R. (2016). Corporate Social Responsibility: Ownership Structures, Board Characteristics and the Mediating Role of Board Compensation. Procedia Economics and Finance. CR - Farook, S., Hassan, M. K., and Lanis, R. (2011). Determinants of Corporate Social Responsibility Disclosure: The Case of Islamic Banks. Journal of Islamic Accounting and Business Research. CR - Ghozali, I. (2013). Aplikasi Analisis Multivariate dengan Program SPSS 21 Update PLS Regresi. Semarang: Universitas Diponegoro. CR - Giannarakis, G. (2014). The Determinants Influencing The Extent Of CSR Disclosure. International Journal of Law and Management. CR - Gubernur Bank Indonesia. (2004). Peraturan Bank Indonesia Nomor 6/24/PBI/2004. Jakarta: bank Indonesia. CR - Habbash, M. (2016). Corporate Governance and Corporate Social Responsibility Disclosure: Evidence from Saudi Arabia. Social Responsibility Journal. CR - Hadi, S. (2007). Memanfaatkan Excel untuk Analisis Statistik. Yogyakarta: Ekonisia. CR - Haniffa, R., and Hudaib, M. (2007). Exploring the Ethical Identity of Islamic Banks via Communication in Annual Report. Journal of Business Ethics. CR - Harrison, J. S., and Wicks, A. C. (2013). Stakeholder Theory, Value, and Firm Performance. Business Ethics Quarterly. CR - Ikatan Akuntan Indonesia. (2011). Pernyataan Standar Akuntansi Keuangan Nomor 109. Jakarta: IAI. CR - Ikatan Akuntan Indonesia. (2016). Pernyataan Standar Akuntansi Keuangan 101: Penyajian Laporan Keuangan Syariah. Jakarta: Ikatan Akuntan Indonesia. CR - Indrawaty, and Wardayati, S. M. (2015). Implementing Islamic Corporate Governance (ICG) and Islamic Social Reporting (ISR) in Islamic Financial Institution (IFI). Procedia - Social and Behavioral Sciences. CR - Kansal, M., Joshi, M., and Batra, G. S. (2014). Determinants of Corporate Social Responsibility Disclosures: Evidence from India. Advances in Accounting, incorporating Advances in International Accounting. CR - Kurniawati, I. (2011). Praktikum Pengolah Data Elektronik. Yogyakarta: Fakultas Ekonomi Universitas Ahmad Dahlan. CR - Lestari, P. (2013). Determinants of Islamic Social Reporting in Syariah Banks: Case of Indonesia. International Journal of Business and Management Invention. CR - Lestari, Y. A., and Nuzula, N. F. (2017). Analisis Pengaruh Financial Leverage dan Operating Leverage terhadap Profitabilitas Perusahaan. Jurnal Administrasi Bisnis. CR - Muttakin, M. B., and Khan, A. (2014). Determinants of Corporate Social Disclosure: Empirical evidence from Bangladesh. Advances in Accounting, incorporating Advances in International Accounting. CR - Othman, R., Thani, A. M., and Ghani, E. K. (2009). Determinants of Islamic Social Reporting Among Top Shariahh-Approved Companies in Bursa Malaysia. Research Journal of Internatıonal Studıes. CR - Perwataatmadja, K. A. (1992). Apa Dan Bagaimana Bank Islam. Yogyakarta: Dana Bhakti Wakaf. CR - Rahman, A. A., and Bukair, A. A. (2013). The Influence of the Shariahh Supervision Board on Corporate Social Responsibility Disclosure by Islamic Banks of Gulf Co-Operation Council Countries. Asian Journal of Business and Accounting. CR - Saad, R. A., and Haniffa, R. (2014). Determinants of Zakah (Islamic tax) Compliance Behavior. Journal of Islamic Accounting and Business Research. CR - Sakinah. (2014). Investasi dalam Islam. Iqtishadia. CR - Samad, K. A., and Said, R. (2016). Zakah Disclosure by Islamic Malaysian Bank. International Business Management. CR - Seftianne. (2011). Faktor-Faktor yang Mempengaruhi Struktur Modal pada Perusahaan Publik Sektor Manufaktur. Jurnal Bisnis dan Akuntansi. CR - Sunarsih, U., and Ferdiyansyah. (2017). Determinants of The Islamic Social Reporting Disclosure. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah. CR - Suwardjono. (2014). Teori AKuntansi: Perekayasaan Pelaporan Keuangan (Edisi ke-8). Yogyakarta: BPFE-Yogyakarta. CR - Wahab, N. A., and Rahman, A. R. (2013). Determinants of Efficiency of Zakah Institutions in Malaysia: A Non-parametric Approach. Asian Journal of Business and Accounting 6. CR - Widayuni, N., and Harto, P. (2014). Faktor-Faktor yang Mempengaruhi Corporate Social Responsibility pada Perbankan Syariah di Indonesia dan Malaysia. Diponegoro Journal of Accounting. CR - Widiastuti, H. (2004). Pengaruh Luas Ungkapan Sukarela dalam Laporan Tahunan terhadap Earnings Response Coefficient (ERC). Jurnal Akuntansi dan Investasi. CR - Yunus, M. (2016). Analisis Pengaruh Kepercayaan, Religiusitas dan Kontribusi Terhadap Minat Pedagang Mengeluarkan Zakah Di Baitul Mal. At-Tawassuth. UR - https://doi.org/10.25272/ijisef.583662 L1 - http://dergipark.org.tr/tr/download/article-file/868334 ER -