<![CDATA[Purpose – This study examines how the zakat funds managed by the National Board of Zakat of the Republic of Indonesia (BAZNAS RI) grew between 2017 and 2022 and how completely the funds raised were channelled to recipients. Design/methodology/approach – A quantitative, descriptive time-series design was applied to six audited financial statements (statement of changes in funds and statement of financial position; 2016 comparatives used only as a base year). Growth was measured with year-on-year change, compound annual growth rate (CAGR) and log-linear trend; disbursement was assessed with three ratios: the flow disbursement ratio, the stock-adjusted disbursement effectiveness ratio, and balance coverage. Findings – Zakat receipts rose from Rp138.1 billion to Rp546.4 billion (CAGR 31.66%) and disbursement from Rp118.1 billion to Rp530.6 billion (CAGR 35.06%). The disbursement ratio increased from 85.5% to 97.1%, with one exceptional year (2018: 125.3%) in which disbursement exceeded receipts and the closing zakat balance fell by 40.8%. The stock-adjusted effectiveness ratio improved from 55.4% to 80.1%. Fakir miskin accounted for 62.9–71.0% of annual disbursement, while the amil allocation stayed near 12.2–14.5% of receipts. Originality/value – The paper proposes a three-indicator framework that separates flow, stock and liquidity dimensions of zakat distribution, and shows that growth in collection was matched by growth in distribution rather than by accumulation. Practical implications – The results support disclosure of balance-composition and restricted/unrestricted-use information, consistent classification of disbursement lines, and sustainable financing of amil operations. Because the design is descriptive with six annual observations, results are not causal. Keywords: zakat; BAZNAS RI; disbursement ratio; growth trend; audited financial statements; Islamic social finance]]>
