Analysis of the Position of Non-Halal Funds in the Financial Statements of the National Amil Zakat Agency (Baznas) of Gresik Regency

Abstract

This research is a qualitative study aimed at identifying and understanding the position of non-halal funds in the financial statements of the National Amil Zakat Agency (BAZNAS) of Gresik Regency and their compliance with the Financial Accounting Standards Statement (PSAK) 109. The research methodology used is qualitative non-positivism with a case study approach. BAZNAS Gresik Regency receives non-halal funds from interest earned on conventional bank deposits and recognizes them as profit-sharing income, equivalent to the profit-sharing received from Islamic banks, in accordance with the policy of BAZNAS Central. The position of non-halal funds is included in the balance of zakat and infaq/sadaqah receipts. In terms of presentation and measurement, the non-halal funds align with PSAK 109. However, in terms of recognition, they are indicated to be inconsistent with PSAK 109, as the interest from bank deposits is not recognized as non-halal funds in the financial statements.