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Pre-Requisites For Effective Integration Of Zakah Into Mainstream Islamic Financial System In Malaysia

Author

Listed:
  • ABDUL RAHMAN, ABDUL RAHIM

    (Director for the IIUM Institute of Islamic Banking and Finance)

Abstract

As factors of effectiveness of zakah institutions, this paper discusses the importance of a) objective and fair measure of zakah on business wealth, b) standardizing zakah accounting practices and c) developing performance measure system. The reference context is Malaysia. However, the discussion is of general relevance in formulating policies to integrate zakah in Macro-economic systems effectively.

Suggested Citation

  • Abdul Rahman, Abdul Rahim, 2007. "Pre-Requisites For Effective Integration Of Zakah Into Mainstream Islamic Financial System In Malaysia," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 14, pages 92-107.
    • Handle: RePEc:ris:isecst:0058
    as

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    References listed on IDEAS

    as
    1. Monzer Kahf, 1997. "Potential Effects Of Zakat On Government Budget," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 5(1), pages 67-85, June.
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    Cited by:

    1. Dhiaa Al Deen ALAZZAWI & Ileana NIȘULESCU-ASHRAFZADEH, 2021. "The Impact of Applying AAOIFI in Islamic Banks. Case Study in Iraqi Islamic Banks (I)," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 2(9), pages 45-51, September.
    2. Dhiaa Al Deen ALAZZAWI & Ileana NIȘULESCU-ASHRAFZADEH, 2021. "The Impact of Applying AAOIFI in Islamic Banks. Case Study in Iraqi Islamic Banks (II)," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 2(10), pages 51-59, October.
    3. ISHAK YELKENCI , Nur Shuhada, 2022. "The Progress Of Shari’Ah Implementation In Zakah Management & The Actual Proceeds: Malaysia As A Case Study With Correlation Analysis," Academic Review of Humanities and Social Sciences, Bursa Teknik Üniversitesi, vol. 5(1), pages 105-129.
    4. Nur Barizah Abu Bakar & Abdul Rahim Abdul Rahman, 2007. "A Comparative Study of Zakah and Modern Taxation الزكاة والضرائب المعاصرة: دراسة مقارنة," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 20(1), pages 25-40, January.

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