From Stability to Resilience: Assessing The National Zakat Amil Institution’s Financial Performance Before and During The COVID-19 Pandemic

Abstract

This research aims to examine the financial performance differences of the National Zakat Collection Institutions (LAZNAS) before and during the COVID-19 pandemic. LAZNAS is an official zakat collection institution certified by the Ministry of Religious Affairs. In this study, researchers conducted a comparative analysis of LAZNAS's financial performance before and during the COVID-19 pandemic using a quantitative descriptive research approach. The data used are secondary data obtained from the financial reports of zakat collection institutions published on their websites for four periods: pre-pandemic (2018-2019) and during the pandemic (2020-2021). Data analysis involved assessing LAZNAS's financial performance based on activity ratios (zakat allocation ratio) and growth ratios (growth of zakat). Subsequently, non-parametric tests, specifically the Wilcoxon sign rank test using STATA 17, were conducted to examine the differences in LAZNAS's financial performance before and during the COVID-19 pandemic. The research findings indicate that there is no significant difference in the performance of zakat collection institutions based on activity ratios. However, the performance of zakat collection institutions based on growth ratios shows a significant difference, as evidenced by the results of the growth of zakat calculations. This implies that there is a difference in the collection of zakat funds by LAZNAS during the COVID-19 pandemic