Financial Ratio Analysis of Zakat Management Organization Performance: Evidence from BAZNAS East Jakarta 2021–2022

Purpose: This study evaluates the financial performance of BAZNAS East Jakarta during 2021–2022 using the official financial ratio framework developed by Puskas BAZNAS. The analysis focuses on assessing efficiency, amil fund allocation, and operational cost growth in managing Zakat, Infaq, and Sedekah (ZIS) funds.

Methodology: A descriptive quantitative approach was employed using audited financial statements of BAZNAS East Jakarta. Performance was measured through three Puskas BAZNAS indicators: fundraising cost ratio, amil fund ratio (Zakat, Infaq, and Sedekah), and operational cost growth ratio (OCGR). The ratios were calculated from audited data and interpreted according to established BAZNAS benchmarks.

Results: The fundraising cost ratio indicated inefficiency in both years (111% in 2021 and 102% in 2022), showing that fundraising expenditures remained relatively high. The amil zakat ratio achieved a “Good” classification in both years (12.2% and 12.5%), while the amil infaq/sedekah ratio also met the “Good” standard and improved from 9.9% to 7.0%. The OCGR values of 0.20 and 0.21 demonstrated harmonious growth between operational costs and ZIS collection.

Conclusions: BAZNAS East Jakarta exhibited strong performance in amil fund management and operational cost proportionality, reflecting effective governance and accountability. However, fundraising efficiency requires improvement to optimize resource utilization and maximize funds available for beneficiaries.

Limitations: The study is limited to one regional BAZNAS office and a two-year observation period.

Contributions: The study provides practical evidence of ZIS financial accountability and offers a replicable framework for evaluating the financial performance of other regional BAZNAS institutions.