Proceedings of the 5th International Conference on Innovation in Education, Science, and Culture, ICIESC 2023, 24 October 2023, Medan, Indonesia

Research Article

The impact of Good Corporate Governance on the management of Zakat in the city of Medan

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  • @INPROCEEDINGS{10.4108/eai.24-10-2023.2342265,
        author={Akmal Huda Nasution and Tapi Rumondang Sari Siregar and Haikal  Rahman and Hendra Kurnia Putra},
        title={The impact of Good Corporate Governance on the  management of Zakat in the city of Medan},
        proceedings={Proceedings of the 5th International Conference on Innovation in Education, Science, and Culture, ICIESC 2023, 24 October 2023, Medan, Indonesia},
        publisher={EAI},
        proceedings_a={ICIESC},
        year={2024},
        month={1},
        keywords={good corporate governance management zakat},
        doi={10.4108/eai.24-10-2023.2342265}
    }
    
  • Akmal Huda Nasution
    Tapi Rumondang Sari Siregar
    Haikal Rahman
    Hendra Kurnia Putra
    Year: 2024
    The impact of Good Corporate Governance on the management of Zakat in the city of Medan
    ICIESC
    EAI
    DOI: 10.4108/eai.24-10-2023.2342265
Akmal Huda Nasution1,*, Tapi Rumondang Sari Siregar1, Haikal Rahman1, Hendra Kurnia Putra1
  • 1: The Accounting Study Program of Economics Faculty of Universitas Negeri Medan, Indonesia
*Contact email: akmalhudanst@unimed.ac.id

Abstract

The ethical principles and structures guiding zakat institutions, encompassing administrators, donors, beneficiaries, and society, are increasingly recognized as critical for successful zakat implementation. The study aimed to evaluate the impact of good corporate governance principles on zakat management in Medan . The research method involves collecting data through surveys and interviews with related parties and employees at zakat management institutions in Medan and data analysis using a quantitative approach. The discussion results show that implementing good corporate governance has a significant positive effect on zakat management in the city of Medan. This can be seen from the increase in transparency, accountability, responsibility, independence and justice in the collection and distribution of zakat in Medan. Thus, this research provides a better understanding of the importance of good corporate governance in the context of zakat management.