Evaluation of the Performance of the National Zakat Agency (BAZNAS) Using Financial Ratios for Optimization

BAZNAS as the coordinator of zakat management institutions spread across Indonesia, has conducted a financial ratio study to measure the performance of a non-profit organization, especially for zakat management organizations (OPZ). The advantage of using this method is that the OPZ performance is known precisely, quickly and can be assessed in all aspects, so that a decision can be made immediately about which aspects will be improved first. Therefore, this research aims to analyze the performance of BAZNAS using special financial ratios for zakat management institutions. This research uses a descriptive method with a quantitative approach, namely by describing the financial performance of BAZNAS over the last five years by first determining the financial ratios for non-profit institutions and then comparing them between years. This type of research data is secondary data, namely the audited financial reports of BAZNAS for 2018-2022. The results of this research state that BAZNAS' financial performance is declared optimal based on the activity ratio and amil fund ratio, while the other 3 ratios (efficiency ratio, liquidity ratio and growth ratio) state that BAZNAS' performance is not good.