Sharia accounting on Indonesian Financial Accounting Standard on zakat and waqf take on industrial revolution 4.0 and society era 5.0

Agus Arwani*    -  Institut Agama Islam Negeri Pekalongan, Indonesia

(*) Corresponding Author
DOI: 10.21580/jiafr.2020.2.2.6295

Purpose - The aims to point out the challenges and expectations towards sharia accounting profession on zakat and waqf in facing the industrial revolution.

Method - This research used a qualitative approach by systematically explaining various sources of literature.  

Result - The results of the research shows that the era of the Industrial Revolution 4.0 and Society 5.0 offers convenience and speed, making people turn into super fast and human-centered. Both professional and sharia accountants need a pattern of self-management on the basic functions of sharia accounting which will, in turn, increase the efficiency and effectiveness of their work and the results can be shown in real-time.

Implication - Research implication shows that some companies have developed this because of the support gained from the adequate standardization of financial management processes and standardization information systems architecture and by the demands of the fourth-generation industry proving that crucial competencies are needed for sharia accountants of zakat and waqf.

Originality - The research shows that Islamic accountants must understand Indonesian Financial Accounting Standard 109 on Zakat, Infaq and Sadaqah, and Indonesian Financial Accounting Standard 112 on Waqf which is based on information technology in the era of Industrial Revolution 4.0 and Society Era 5.0.

Keywords: sharia acoounting; zakat; waqf; industrial revolution

  1. Agung, A. M. L. (2013). Human Capital Competencies. Elex Media Komputindo.
  2. Alam, N., Gupta, L., Zameni, A., & others. (2019). Fintech and Islamic Finance. Springer.
  3. Anwar, A. A. (2013). Analisis Perspektif Stakeholder Terhadap Implementasi Corporate Social Responsibility (Csr). Jurnal Skripsi Universitas Hasanuddin Makassar. (Unpublished Research Journal).
  4. Arifson, H. (2020). Analisis Penerapan Akuntansi Wakaf Berdasarkan Indonesian Financial Accounting Standard 112 Pada Yayasan Wakaf Indo As-Sakinah Al-Mawaddah Kota Pekanbaru (Doctoral dissertation, Universitas Islam Negeri Sultan Syarif Kasim Riau).
  5. Arwani, A. (2017). The Future of The Profession of Accountant Sharia Enter MEA In 2017. International Journal of Islamic Business and Economics (IJIBEC), 1(1), 31. https://doi.org/10.28918/ijibec.v1i1.777.
  6. Arwani, A. (2018). Issues and Challenges of Shariah Auditing in Islamic. 18(2), 169–186.
  7. Ather, S. M., & Ullah, M. H. (2009). Islamic Accounting Systems and Practices. The Cost and Management, 2000, 2009.
  8. Arif, A., & Purwanto, A. (2020). Analisis Pengaruh Islamic Corporate Governance terhadap Manajemen Laba pada Bank Umum Syariah di Indonesia dan Malaysia. Permana: Jurnal Perpajakan, Manajemen, Dan Akuntansi, 12(2), 183-195.
  9. Bennett, W. L. (2012). The personalization of politics: Political identity, social media, and changing patterns of participation. The Annals of the American Academy of Political and Social Science, 644(1), 20–39.
  10. Budiman, A. (2019). Kolom pakar: Industri 4.0 vs Society 5.0. FT UGM. https://ft.ugm.ac.id/kolom-pakar-industri-4-0-vs-society-5-0/
  11. Burange, A. W., & Misalkar, H. D. (2015). Review of Internet of Things in development of smart cities with data management & privacy. 2015 International Conference on Advances in Computer Engineering and Applications, 189–195.
  12. Cooper, W. J., Cooper Jr, W. J., & Terrill, T. E. (2009). The American South: A History (Vol. 2). Rowman & Littlefield.
  13. Darwin, C. (2004). Origin of Species. Edison. NJ: Castle Books.
  14. Deacon, B. (2000). Globalization and social policy: The threat to equitable welfare (Issue 5). Geneva 2000 Occasional Paper.
  15. Drucker, P. (2012). Management challenges for the 21st century. Routledge.
  16. El-Halaby, S., & Hussainey, K. (2016). Determinants of compliance with AAOIFI standards by Islamic banks. International Journal of Islamic and Middle Eastern Finance and Management, 9(1), 143–168. https://doi.org/10.1108/IMEFM-06-2015-0074.
  17. Emirzon, J., & others. (2006). Regulatory Driven Dalam Implementasi Prinsip-Prinsip Good Corporate Governance Pada Perusahaan di Indonesia. Jurnal Manajemen & Bisnis Sriwijaya, 4(8), 93–114.
  18. Fahham, A. M. (2015). Cash Waqf Management at The Waqf and Land Management Agency Nahdlatul Ulama Special Region of Yogyakarta. Aspirasi, 6(1), 27–36.
  19. Fleeson, W., Jayawickreme, E., Jones, A. B. A. P., Brown, N. A., Serfass, D. G., Sherman, R. A., Mestdagh, M., Pe, M., Pestman, W., Verdonck, S., Kuppens, P., Tuerlinckx, F., O’Connor, M. C., Paunonen, S. V, Baumert, A., Schmitt, M., Perugini, M., Johnson, W., Blum, G. S., … Matyjek-, M. (2017). pengaruh islamic social responsibility dan islamic governance terhadap kinerja dan reputasi bank syariah indonesia. Journal of Personality and Social Psychology, 1(1), 1188–1197. https://doi.org/10.1111/j.1469-7610.2010.02280.x.
  20. Fogel, R. W. (2000). The fourth great awakening and the future of egalitarianism. University of Chicago Press.
  21. Fukuyama, F. (2017). The great disruption. Profile Books.
  22. Gambling, T. E., & Karim, R. A. A. (1986). Islam and ‘social accounting’. Journal of Business Finance & Accounting, 13(1), 39–50.
  23. Gap, G. G. (2017). World economic forum. Cologny/Geneva.
  24. Ghufron, M. A. (2018). Revolusi industri 4.0: Tantangan, Peluang dan Solusi Bagi Dunia Pendidikan. Seminar Nasional Dan Diskusi Panel Multidisiplin Hasil Penelitian Dan Pengabdian Kepada Masyarakat.
  25. Hamdan, H. (2018). Industri 4.0: Pengaruh Revolusi Industri Pada Kewirausahaan Demi Kemandirian Ekonomi. Jurnal Nusantara Aplikasi Manajemen Bisnis. https://doi.org/10.29407/nusamba.v3i2.12142.
  26. Handy, C. (2011). Beyond Certainty: the changing worlds of organisations. Random House.
  27. Harahap, S. S. (2002). The Disclosure of Islamic Values-Annual Report The Analysis of Bank Muamalat Indonesia’s Annual Report. Jurnal Iqtisad, 3(1).
  28. Hardiman, F. B. (2004). Filsafat modern: dari Machiavelli sampai Nietzsche. Gramedia Pustaka Utama.
  29. Harto, K. (2018). Tantangan Dosen PTKI di Era Industri 4.0. Jurnal Tatsqif, 16(1), 1–15.
  30. Hesselbein, F., & Goldsmith, M. (2013). The leader of the future 2. Elex Media Komputindo.
  31. Hidayat, R., & Herdin, E. L. (2018). Key Potential Analysis of 5G Technology for Optimal Implementation: Case Study in West Java.
  32. Hidayatul Ihsan M. (2007). Towards the Improvement of Waqf Accountability in Indonesia : A Critical Review of the Act No 41 / 2004 on Waqf. Jumal Akuntansl & Manajemen, 2(2), 71–80.
  33. Hopkins, A. G. (2011). Globalisation in world history. Random House.
  34. Hurst, C. E., Gibbon, H. M. F., & Nurse, A. M. (2016). Social inequality: Forms, causes, and consequences. Routledge.
  35. IAI. (2020). Akuntansi Wakaf telah disahkan. IAI Global. http://www.iaiglobal.or.id/v03/berita-kegiatan/detailberita-1074=de-Indonesian Financial Accounting Standard-112-akuntansi-wakaf-telah-disahkan#.
  36. Inanna, I., & Rahmatullah, R. (2018). Wajah Perekonomian Indonesia (Vol. 1, Issue 1). Badan Penerbit Universitas Negeri Makassar.
  37. Indrajit, R. E. (2000). Manajemen sistem informasi dan teknologi informasi. Jakarta: PT Elex Media Komputindo.
  38. Indrianto, & Supomo. (2016). Metodologi Penelitian Bisnis untuk Akuntansi dan Manajemen. In Yogyakarta : Penerbit BPFE. https://doi.org/10.1016/S1571-0866(07)80050-9.
  39. Islamiyah, U. N. (2020). Implementasi Indonesian Financial Accounting Standard 112 pada nazhir Universitas Airlangga (Doctoral dissertation, UIN Sunan Ampel Surabaya).
  40. Iswanto, A. C., & Wahjono, W. (2019). Pengaruh Revolusi Industri 4.0 Terhadap Ilmu Akuntansi--Esai. INFOKAM, 15(1).
  41. Istifadah, R. U., & Senjani, Y. P. (2020). Religiosity as the moderating effect of diamond fraud and personal ethics on fraud tendencies. Journal of Islamic Accounting and Finance Research, 2(1), 91-116. https://doi.org/10.21580/jiafr.2020.2.1.4712.
  42. Istiariani, I., & Arifah, U. (2020). Education Level, Spiritual Intelligence, and Love of Money: Do They Correlate to Ethical Perception?. Shirkah: Journal of Economics and Business, 5(2), 228-249.
  43. Karim, R. A. A. (1990). The independence of religious and external auditors: The case of Islamic banks. Journal of Accounting, Auditing and Accountability, 3(3), 34–43.
  44. Kasali, R. (2018). Strawberry Generation. Mizan.
  45. Kemeristekdikti. (2018). Pengembangan Iptek dan Pendidikan Tinggi di Era Revolusi Industri 4.0. Ristekdikti.
  46. Keoh, S. L., Kumar, S. S., & Tschofenig, H. (2014). Securing the internet of things: A standardization perspective. IEEE Internet of Things Journal, 1(3), 265–275.
  47. Kurunmäki, L. (2004). A hybrid profession—the acquisition of management accounting expertise by medical professionals. Accounting, Organizations and Society, 29(3–4), 327–347.
  48. Latour, B., & Venn, C. (2002). Morality and technology. Theory, Culture & Society, 19(5–6), 247–260.
  49. Lenap, I. P. (2019). Pengungkapan Pendapatan Non-Halal: Indonesian Financial Accounting Standard109 Vs Praktik. Jurnal Aplikasi Akuntansi, 3(2), 94-116.
  50. Mahnkopf, B. (2019). The ‘4th wave of industrial revolution’—a promise blind to social consequences, power and ecological impact in the era of ‘digital capitalism’.
  51. Mangunjaya, F. M. (2008). Bertahan di bumi: gaya hidup menghadapi perubahan iklim. Yayasan Pustaka Obor Indonesia.
  52. Maulana, A. O. (2019). Legitimacy dynamics of accounting standards setting: the case of Indonesia. University of Reading.
  53. Mayasari, D. (2019). Mengenal Society 5.0, Transformasi Kehidupan yang Dikembangkan Jepang. Jakarta: www.timesindonesia.co.id. Interview Guidelines.
  54. Milosevic, D., & Patanakul, P. (2005). Standardized project management may increase development projects success. International Journal of Project Management, 23(3), 181–192.
  55. Mustaqim, M., & Bahruddin, A. (2015). Spirit Gusjigang Kudus dan Tantangan Globalisasi Ekonomi. Jurnal Penelitian, 9(1).
  56. Nicholls, A. (2009). ‘We do good things, don’t we?’:‘Blended Value Accounting’in social entrepreneurship. Accounting, Organizations and Society, 34(6–7), 755–769.
  57. Niemueller, T., Zwilling, F., Lakemeyer, G., Löbach, M., Reuter, S., Jeschke, S., & Ferrein, A. (2017). Cyber-physical system intelligence. In Industrial Internet of Things (pp. 447–472). Springer.
  58. Noble, D. (2017). Forces of production: A social history of industrial automation. Routledge.
  59. Noviari, N. (2009). Pengaruh Kemajuan Teknologi Informasi Terhadap Perkembangan Akuntansi. Jurnal Ilmiah Akuntansi Dan Bisnis.
  60. Nugroho, Y., & Prasetyo, A. (2018). Assessing information systems success: A respecification of the DeLone and McLean model to integrating the perceived quality. Problems and Perspectives in Management, 16(1), 348–360. https://doi.org/10.21511/ppm.16(1).2018.34.
  61. Nurdiantini, D., & Others. (2016). Pengaruh Partisipasi Pengguna Terhadap Kualitas Sistem Informasi Akuntansi. A survey on 3 Airlines Companies (Sriwijaya Air, Lion Air, dan Kalstar Aviation) di Bandung. Fakultas Ekonomi Unpas.
  62. Nurlaila, N. (2015). Islamic accounting concept in al-Qur’an and its implementation in Indonesia.
  63. Nurlinda, M. Z., Salimi, F., Umar, Z., & Mulyadi, J. F. (2019). Accounting and Management of Zakat, Infak/Sedekah (Case Study of Zakat Institutions in Medan City).
  64. Nugroho, L., Harnovinsah, H., Putra, Y. M., & Prinoti, P. (2020). Analysis of Comparison of Islamic Banks with Online Micro In Disbursements of Micro-Financing Based on Requirements, Services Speed and Margin (Case Study of Micro-finance at Bank Mandiri Syariah and Micro Credit Uangteman.com). Journal of Islamic Economics and Social Science (JIESS), 1(1), 1-10.
  65. Pertiwi, R. A., Kholmi, M., & Kurniawati, E. T. (2017). Analisis Penerapan Akuntansi Dana Zakat dan Infak/sedekah pada Lembaga Amil Zakat Infak, dan Shodaqoh Muhammadiyah (Lazismu) Kabupaten Malang. Jurnal Reviw Akuntansi Dan Keuangan, 5(2).
  66. Prakarsa, W. (1996). Transformasi pendidikan akuntansi menuju globalisasi. Konvensi Nasional Akuntansi III. Jakarta: Ikatan Akuntansi Indonesia.
  67. Pramanik, A. H., Mohammed, M. O., Haneef, M. A., Amin, F. M., Muhammad, A. D., Dabour, N., & Bağcı, K. (2015). Integration of waqf and Islamic microfinance for poverty reduction : Case studies of MAlaysia, Indonesia and Bangladesh. In SESRIC & IIUM. https://doi.org/10.1017/CBO9781107415324.004.
  68. Prasetyo, B., & Trisyanti, D. (2019). Prosiding SEMATEKSOS 3 “Strategi Pembangunan Nasional MenghadapiRevolusiIndustri 4.0” REVOLUSI INDUSTRI 4.0. Revolusi Industri 4.0 Dan Tantangan Perubahan Sosial.
  69. Prasetyo, H., & Sutopo, W. (2018). Industri 4.0: Telaah Klasifikasi Aspek Dan Arah Perkembangan Riset. J@ti Undip : Jurnal Teknik Industri. https://doi.org/10.14710/jati.13.1.17-26
  70. Purwandini, D. A., & Irwansyah, I. (2018). Komunikasi Korporasi Pada Era Industri 4.0. Jurnal Ilmu Sosial, 17(1), 53–63.
  71. Rahman, T. (2015). Akuntansi Zakat, Infak dan Sedekah (Indonesian Financial Accounting Standard 109): Upaya Peningkatan Transparansi dan Akuntabilitas Organisasi Pengelola Zakat (OPZ). Muqtasid: Jurnal Ekonomi dan Perbankan Syariah, 6(1), 141-164.
  72. Ristekdikti. (2018a). Era Revolusi Industri 4.0 Saatnya Generasi Millenial Menjadi Dosen Masa Depan. Sumber Daya IPTEK Dan DIKTI.
  73. Ristekdikti, B. (2018b). “Era Revolusi Industri 4.0: Perlu Persiapkan Literasi Data, Teknologi dan Sumber Daya Manusia.” Belmawa.Ristekdikti.Go.Id. https://doi.org/10.1146/annurev-statistics-060116-054017
  74. Roblek, V., Meško, M., & Krapež, A. (2016). A complex view of industry 4.0. Sage Open, 6(2), 2158244016653987.
  75. Sapingi, R., Obid, S. N. S., & Nelson, S. P. (2014). Towards developing a disclosure index for Malaysian Zakat Institutions. The Journal of Muamalat and Islamic Finance Research, 204(3538), 1–25.
  76. Sari, A. F. K., Triyuwono, I., & Djamhuri, A. (2016). Pragmatic on Islamic Accounting Education. Imperial Journal of Interdisciplinary Research, 2(11), 1033–1037.
  77. Sarif, S., & Kamri, N. (2009). A theoretical discussion of zakat for income generation and its FIQH issues. Shariah Journal, 17(3), 457–500.
  78. Schecter, D. (2010). The critique of instrumental reason from Weber to Habermas. Bloomsbury Publishing USA.
  79. Schmidheiny, S., & Timberlake, L. (1992). Changing course: A global business perspective on development and the environment (Vol. 1). MIT press.
  80. Setiawan, W., Suud, F. M., Chaer, M. T., & Rahmatullah, A. S. (2018). Pendidikan Kebahagiaan dalam Revolusi Industri 4. AL-MURABBI: Jurnal Studi Kependidikan Dan Keislaman, 5(1), 101–120.
  81. Shahnaz, S. (2016). Penerapan Indonesian Financial Accounting Standard No. 109 tentang Pelaporan Keuangan Akuntansi Zakat, Infaq/Sedekah pada Badan Amil Zakat Provinsi Sulawesi Utara. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 3(4).
  82. Stiglitz, J. E. (2002). Participation and development: Perspectives from the comprehensive development paradigm. Review of Development Economics, 6(2), 163–182.
  83. SULASTRI, L., & others. (2013). Kajian Manajemen Berbasis Nilai Dalam Konteks Perguruan Tinggi (Studi Kasus Pada Perguruan Tinggi Binus University). UNPAS.
  84. T. Jacob. (1988). Manusia, ilmu dan teknologi. Tiara Wacana Yogya.
  85. Triyuwono, I. (2000). Organisasi dan Akutansi Syari’ah. LKIS.
  86. Triyuwono, I. (2006a). Akuntansi Syari’ah: Menuju Puncak Kesadaran Ketuhanan Manunggaling Kawulo-Gusti. Pidato Pengukuhan Jabatan Guru Besar.
  87. Triyuwono, I. (2006b). Perspektif, Metodologi, dan Teori Akuntansi Syariah. PT. RajaGrafindo.
  88. Wyatt, A. (2008). What financial and non-financial information on intangibles is value-relevant? A review of the evidence. Accounting and Business Research, 38(3), 217–256.
  89. Рахуба, В. И. (2019). Basics of Electronic Business and Marketing.
  90. Yollanda, M., & Adnan, M. A. (2018). Menuju Terbentuknya Indonesian Financial Accounting Standard (Pernyataan Standar Akuntansi Keuangan) Wakaf di Indonesia. Reviu Akuntansi dan Bisnis Indonesia, 2(2), 116-128.

Journal of Islamic Accounting and Finance Research
Published by Department of Sharia Accounting, Faculty of Islamic Economics and Business, Universitas Islam Negeri Walisongo Semarang, Indonesia
Jl Prof. Dr. Hamka Kampus III Ngaliyan Semarang 50185
Phone: +62 852-2589-5726
Website: https://febi.walisongo.ac.id/
Email: jiafr@walisongo.ac.id

ISSN: 2715-0429 (Print)
ISSN: 2714-8122 (Online)

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

View My Stats
apps