Zakat Organization

Clara Cruisita Bramarawilasita / 141521471

Hana Shelina Septiana / 141521148
 The scope of Financial Management

Creating budgeting of funds expected to be collected together with

sources and strategies to obtain it, how much funds are distributed
and the number of persons / institutions that will receive it, as well as
the minimum balance that must be available as a backup for each
month
Making guidance in the form of general policies and technical
guidance related to fund management to be implemented in
institutional (including collection, distribution, and fund balance).
Conducting control in the collection, distribution, and balance of
funds to realize the efficiency and effectiveness of funds
Importance of Financial Management

Funds are managed according to sharia

Responsibility to Muzaki and society in general can be
given
Use of funds more efficient and efficient
Funding needs can be anticipated earlier
Security of funds is more assured
Policies

FAS 109 Zakat Infaq and Alms (2011)

Amil Code of Ethics
Zakah Criteria for Performance Exelence
Collections of fatwas of zakat by MUI
Act of zakat management year 2011
Accounting Standard

Accounting standard used in zakat organization is cash basis.

Financial Reporting

Statement of Financial Position

Statement of Fund Changes
Statement of Assets Changes
Statement of Cash Flow
Notes of Financial Report
Budget Characteristics

Expressed in monetary unit

Spanning over a year
Containing management commitment, with the management budget
agreeing to accept responsibility for achieving the targets set in the
budget
The budget proposal is reviewed and approved by a higher official than
the budget executive
Approved budgets can only be changed under special circumstances
Periodic comparison between realization and budget. To know what
there are deviations.
Budgeting Processes

The most important budget related to financial management is the cash budget
because the main task of managing zakat is to collect and distribute the
funds generally in cash.
There are 3 methods of cash budgeting:
1. A Priori Establishing the collection project first, than used it as the basis for
establishing the distribution.
2. A Posteriori Stipulating the estimates of the distribution first, after that set the target
by referring to the predetermined channeling estimation.
3. Pragmatic budgeting based on previous period experience.
 Steps of Cash Budgeting

Budget pooling
1. Classifying types of funds sources to be collected
2. Set an estimate of each funding source based on last year's data or
distribution targets
3. Set the budget value of the set
Budget disbursement
1. Classify the type of distribution based on asnaf (program)
2. Set estimates of each asnaf (program) based on last year program
realities or based on target
3. Set the value of distribution budget. (Usually 1year and detailed for
each month.)
 Performance Measurement

The performance of zakat organization can be measured by using

balanced scorecard.
The balanced scorecard focus on 4 aspects:
1. Financial perspective
2. Customer perspective
3. Internal business perspective
4. Learning and growth perspective
Rumah Zakat
Financial Report
(Example of
Financial Statement)
Rumah Zakat
Financial Report
(Example of
Financial Statement)
Rumah Zakat
Financial Report
(Example of
Financial Statement)