Pengaruh Net allocation to Collection Ratio (Net ACR) dan pertumbuhan penghimpunan terhadap kinerja keuangan pada organisasi pengelola Zakat (OPZ) nasional di Indonesia periode 2019-2024

Abstract

This study aims to analyze the effect of Net Allocation to Collection Ratio (Net ACR) and Collection Growth on Financial Performance as measured by the Operational Expenses Ratio (OER) in the National Zakat Management Organization (OPZ) in Indonesia for the 2019-2024 period. This study uses a quantitative approach with a documentation method, namely by collecting secondary data in the form of financial reports published by OPZ. The sample in this study was determined by the purposive sampling technique and consisted of 9 OPZs with 54 observation data points. Data analysis was carried out using panel data regression through EViews 12 with descriptive statistical testing, model feasibility testing, classical assumption testing, and hypothesis testing through t-test, F-test, and coefficient of determination. The results of the study indicate that Net ACR has a positive and insignificant relationship with OER. Conversely, collection growth has a positive and significant effect on OER. Simultaneously, Net ACR and Collection Growth have a significant effect on OER. This finding indicates that fund collection growth is a more influential factor on OER than the effectiveness of fund distribution reflected in Net ACR. Overall, the results indicate that financial performance, as measured by OER, does not reflect operational efficiency. Therefore, efforts are needed to improve OPZ financial performance optimally.