<![CDATA[This study analyzes the impact of macroeconomic variables on zakat revenue in Indonesia during the 2015–2022 period using the Vector Error Correction Model (VECM). The analysis focuses on per capita income, inflation, and interest rates to examine both short-run dynamics and long-run relationships. Data are obtained from BAZNAS, the Central Bureau of Statistics, and Bank Indonesia. The results confirm the existence of cointegration among variables, indicating a stable long-run relationship between zakat revenue and macroeconomic conditions. Per capita income emerges as the most dominant determinant of zakat revenue, reflecting the central role of income growth in strengthening zakat payment capacity. Inflation and interest rates also influence zakat revenue, mainly through purchasing power and financial allocation channels. Additionally, bidirectional causality is identified between zakat revenue and macroeconomic variables, highlighting dynamic interactions between economic performance and zakat collection. These findings emphasize the importance of macroeconomic stability in optimizing zakat revenue as an instrument of income redistribution and social welfare in Indonesia.]]>
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