IDEAS home Printed from https://ideas.repec.org/a/jfr/ijfr11/v10y2019i5p191-203.html
   My bibliography  Save this article

Governance and Efficiency of Zakah Distributions Based on the Dire Necessities of Maqasid Al-Syariah

Author

Listed:
  • Maheran Zakaria
  • Muhammad Saiful Anuar Yusoff
  • Zuraidah Sanusi

Abstract

The study examines the governance and efficiency of zakah distributions based on the fulfilment of five dire necessities (daruriyyat) of Maqasid al-Syariah. There were about 500 questionnaires distributed to zakah beneficiarys of Asnaf Business Assistance program governed by one of Malaysian State Religious Council. 456 respondents responded, contributing to 89 per cent rate of response. Structural Equation Modelling with the use of Partial Least Square was used to analyse the data. Based on the findings, it can be concluded that the more likely the five elements of dire necessities namely faith, physical self, knowledge, family, and wealth being fulfilled, the more likely is the efficiency of zakah distributions. The study provides useful insights to zakah institutions to formulate strategies in relation to 5 elements of dire necessities to ensure competent distribution of the fund to recipients. The results would also provide comprehensive insights to other empirical studies in this area which will not only be applicable to Muslim countries but to non-muslim countries as well.

Suggested Citation

  • Maheran Zakaria & Muhammad Saiful Anuar Yusoff & Zuraidah Sanusi, 2019. "Governance and Efficiency of Zakah Distributions Based on the Dire Necessities of Maqasid Al-Syariah," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 191-203, August.
    • Handle: RePEc:jfr:ijfr11:v:10:y:2019:i:5:p:191-203
    DOI: 10.5430/ijfr.v10n5p191
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/15658/9728
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/15658
    Download Restriction: no
    File URL: https://libkey.io/10.5430/ijfr.v10n5p191?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sajjad Nawaz Khan & Engku Ismail Engku Ali, 2017. "The Moderating Role of Intellectual Capital Between Enterprise Risk Management and Firm Performance: A Conceptual Review," American Journal of Social Sciences and Humanities, Online Science Publishing, vol. 2(1), pages 9-15.
    2. Yasir Khan & Taimoor Hassan & Wang Ming Yi & Rahimullah Gulzar, 2018. "A Comparative Analysis Based on Economic Factors of Students Emigration from South Asia," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 5(2), pages 201-208.
    3. Umair Ahmed & Nadeem Khalid & Ammar Ahmed & Muzafar Hussain Shah, 2017. "Assessing Moderation of Employee Engagement on the Relationship between Work Discretion, Job Clarity and Business Performance in the Banking Sector of Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(12), pages 1197-1210, December.
    4. repec:ajn:jobafd:2017:p:9-20 is not listed on IDEAS
    5. Umair Ahmed & Nadeem Khalid & Ammar Ahmed & Muzafar Hussain Shah, 2017. "Assessing Moderation of Employee Engagement on the Relationship between Work Discretion, Job Clarity and Business Performance in the Banking Sector of Pakistan," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(12), pages 1197-1210.
    6. Yasir Khan & Taimoor Hassan & Wang Ming Yi & Rahimullah Gulzar, 2018. "A Comparative Analysis Based on Economic Factors of Students Emigration from South Asia," Asian Journal of Economics and Empirical Research, Asian Online Journal Publishing Group, vol. 5(2), pages 201-208.
    7. Sandra Cohen & Dimitris Thiraios & Myrto Kandilorou, 2008. "Performance parameters interrelations from a balanced scorecard perspective: An analysis of Greek companies," Managerial Auditing Journal, Emerald Group Publishing, vol. 23(5), pages 485-503, May.
    8. Sajjad Nawaz Khan & Engku Ismail Engku Ali, 2017. "The Moderating Role of Intellectual Capital Between Enterprise Risk Management and Firm Performance: A Conceptual Review," American Journal of Social Sciences and Humanities, Pacharapa Naka, vol. 2(1), pages 9-15.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. M.S. Che Rusuli & R. Ruwaida & M. Noraani & J. Takala & M. Nizamuddin, 2019. "Influence of Marketing Mix Strategy in Insurance Business: The Case of Kota Bharu," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(2), pages 88-95, July.
    2. Songling Yang & Muhammad Ishtiaq & Muhammad Anwar, 2018. "Enterprise Risk Management Practices and Firm Performance, the Mediating Role of Competitive Advantage and the Moderating Role of Financial Literacy," JRFM, MDPI, vol. 11(3), pages 1-17, June.
    3. Muhammad Noman Yaseen & Aqsa Iqbal & Iftikhar Mehboob & Maooz Rafay & Muhammad Rafiq & Ifra Riaz & Asad Qayoom, 2023. "The Meditating Role Of Intellectual Capital Between Innovation, Corporate Governance And Firm Performance Of The Smes Of Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 89-93.
    4. Amzad Hossain & Farid A. Sobhani & Normah Omar & Norazida Mohamad & Jamaliah Said, 2019. "Corporate Governance, Risk Management and Ethical Investment: Evidence From Banking Industries," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 126-137, August.
    5. Abdul Razak Abdul Hadi & Hafezali Iqbal Hussain & Zalina Zainudin, 2019. "Did Conventional Interest Rate Influence Islamic Total Deposits? Evidence From January 2007 Till January 2019," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 11-18, August.
    6. Nor Balkish Zakaria & Muhammad Farhan Nordin & Rahimah Mohamed Yunos & Jamaliah Said, 2019. "The Integrity of Local Enforcement Officers: Self Proclaim vs Colleague Perception," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 288-300, August.
    7. Ammar Ahmed & Faiz Muhammad Khuwaja & Noor Ahmed Brohi & Ismail bin Lebai Othman, 2018. "Organizational Factors and Organizational Performance: A Resource-Based view and Social Exchange Theory Viewpoint," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 8(3), pages 579-599, March.
    8. Syamsul Huda & Wiwin Priana & Zumrotul Fitriyah, 2019. "Regional Financial Model Mapping Independence to Fiscal in East Java," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 411-419, August.
    9. Sara Faedfar & Mustafa Özyeşil & Mustafa Çıkrıkçı & Esin Benhür Aktürk, 2022. "Effective Risk Management and Sustainable Corporate Performance Integrating Innovation and Intellectual Capital: An Application on Istanbul Exchange Market," Sustainability, MDPI, vol. 14(18), pages 1-13, September.
    10. Yusuf Iskandar & Joeliaty & Umi Kaltum & Hilmiana, 2021. "The Relationship Between Intellectual Capital and Performance of Social Enterprises: A Literature Review," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 10, September.
    11. Umair Ahmed & Waheed Ali Umrani & Umer Zaman & Sheraz Mustafa Rajput & Tariq Aziz, 2020. "Corporate Entrepreneurship and Business Performance: The Mediating Role of Employee Engagement," SAGE Open, , vol. 10(4), pages 21582440209, November.
    12. Gendut Sukarno & Wulan Retno Wigati & Sulastri Irbayuni & Mas Anienda Tien Fitriyah, 2019. "Mapping in Intellectual Capital Measurement in Creative Industries in East Java," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 145-152, August.
    13. Habil Slade Ogalo, 2019. "Examining the impact of risk tolerance and risk aversion on the individual financial performance in the kingdom of Bahrain," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 9(1), pages 16-26, January.
    14. Endi Rekarti & Zakaria Bahari & Normaisarah M. Zahari & Caturida Meiwanto Doktoralina & Nor Asariah Ilias, 2019. "The Sustainability of Muslim Women Entrepreneurs: A Case Study in Malaysia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 430-439, August.
    15. Hesty Erviani Zulaecha & Yuswar Z. Basri & Yvonne Augustine & Susi Dwi Mulyani, 2021. "The effect of sustainability management practice, enterprise risk management, and business strategies on integrated sustainability performance with intellectual capital as a moderating variable," Technium Social Sciences Journal, Technium Science, vol. 23(1), pages 401-414, September.
    16. Ibrahim Abiodun Oladapo & Normah Omar & Ruhaini Muda & Abdulazeez Adewuyi Abdurraheem, 2019. "The Mediating Effect of Attitude on Customers¡¯ Behavioural Intention to Participate in Islamic Banking: Empirical Evidence," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 167-180, August.
    17. Nagwan AlQershi & Sany Sanuri Mohd Mokhtar & Zakaria Abas, 2022. "The influence of structural capital on the relationship between CRM implementation and the performance of manufacturing SMEs," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(3), pages 1205-1218, June.
    18. Mohammad Rokibul Kabir & Farid A. Sobhani & Normah Omar & Norazida Mohamad, 2019. "Corporate Governance and Risk Disclosures: A Comparative Analysis Between Bangladeshi and Malaysian Islamic Banks," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 110-125, August.
    19. Najat Shakir Mahmood & Elsadig Musa Ahmed, 2023. "Mediating effect of risk management practices in Iraqi private banks financial performance," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(2), pages 358-377, June.
    20. Franck Brulhart & Uche Okongwu & Btissam Moncef, 2015. "Causal linkages between supply chain management practices and performance: a balanced scorecard strategy map perspective," Post-Print halshs-01239670, HAL.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:ijfr11:v:10:y:2019:i:5:p:191-203. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gina Perry (email available below). General contact details of provider: http://ijfr.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.