Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia

Islam is a religion built upon five pillars, namely the testimony that there is no god except Allah and Muhammad is the messenger of Allah, establishing prayers, paying zakat, fasting in the month of Ramadhan, and performing pilgrimage in Mecca. Every Muslim must establish himself upon these five pi...

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Main Authors:	Densumite, Sorfina, Yusoff, Mohammed
Format:	Book
Language:	English
Published:	LAP LAMBERT Academic Publishing 2013
Subjects:	BP173.75 Islam and economics HJ2005 Income and expenditure. The budget
Online Access:	http://irep.iium.edu.my/29346/ http://irep.iium.edu.my/29346/ http://irep.iium.edu.my/29346/1/zakat_administration.pdf

id	iium-29346
recordtype	eprints
spelling	iium-293462014-06-03T03:02:46Z http://irep.iium.edu.my/29346/ Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia Densumite, Sorfina Yusoff, Mohammed BP173.75 Islam and economics HJ2005 Income and expenditure. The budget Islam is a religion built upon five pillars, namely the testimony that there is no god except Allah and Muhammad is the messenger of Allah, establishing prayers, paying zakat, fasting in the month of Ramadhan, and performing pilgrimage in Mecca. Every Muslim must establish himself upon these five pillars. Zakat is one of the five pillars of Islam which is based on the al-Quran and Sunnah (the practices of Allah’s Messenger). Hence, it is obligatory for a Muslim, whose wealth exceeds a specific amount called nisab, to pay zakat in order to fulfil his duty as well as to purify his soul and wealth. The zakat fund is distributed to specific groups of people as stated in the al-Quran. The rational of the imposition of zakat is to prevent the concentration of wealth in a few hands, which is clearly stated in the al-Quran. It plays an essential role an in Islamic social welfare system to alleviate poverty of Muslim communities. Zakat is a major source of revenues in an Islamic economy, and therefore Muslims should understand about the zakat management, particularly on the collection, distribution as well as the effects of zakat distribution on the economy. The literature on concept of zakat is voluminous but empirical works on the practices of zakat of Muslim countries are scanty. Most of the previous studies on zakat distribution and its impact on poverty alleviation is at micro level. There has been very little empirical studies at macro level. The main focus of this book is to examine the zakat administration in the Federal Territory of Malaysia with emphasis on the management of zakat collection and distribution. The book also examines the factors that influence the participation of the zakat payers, zakat contribution, the principle and criteria of zakat collection and distribution, and suggests on how to improve the zakat administration system. In addition, the book also empirically analyses the effects of zakat distribution on economic growth in the Federal Territory of Malaysia. LAP LAMBERT Academic Publishing 2013-02-16 Book PeerReviewed application/pdf en http://irep.iium.edu.my/29346/1/zakat_administration.pdf Densumite, Sorfina and Yusoff, Mohammed (2013) Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia. LAP LAMBERT Academic Publishing , Germany. ISBN 978-3-8484-2568-6 http://www.lap-publishing.com
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	BP173.75 Islam and economics HJ2005 Income and expenditure. The budget
spellingShingle	BP173.75 Islam and economics HJ2005 Income and expenditure. The budget Densumite, Sorfina Yusoff, Mohammed Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia
description	Islam is a religion built upon five pillars, namely the testimony that there is no god except Allah and Muhammad is the messenger of Allah, establishing prayers, paying zakat, fasting in the month of Ramadhan, and performing pilgrimage in Mecca. Every Muslim must establish himself upon these five pillars. Zakat is one of the five pillars of Islam which is based on the al-Quran and Sunnah (the practices of Allah’s Messenger). Hence, it is obligatory for a Muslim, whose wealth exceeds a specific amount called nisab, to pay zakat in order to fulfil his duty as well as to purify his soul and wealth. The zakat fund is distributed to specific groups of people as stated in the al-Quran. The rational of the imposition of zakat is to prevent the concentration of wealth in a few hands, which is clearly stated in the al-Quran. It plays an essential role an in Islamic social welfare system to alleviate poverty of Muslim communities. Zakat is a major source of revenues in an Islamic economy, and therefore Muslims should understand about the zakat management, particularly on the collection, distribution as well as the effects of zakat distribution on the economy. The literature on concept of zakat is voluminous but empirical works on the practices of zakat of Muslim countries are scanty. Most of the previous studies on zakat distribution and its impact on poverty alleviation is at micro level. There has been very little empirical studies at macro level. The main focus of this book is to examine the zakat administration in the Federal Territory of Malaysia with emphasis on the management of zakat collection and distribution. The book also examines the factors that influence the participation of the zakat payers, zakat contribution, the principle and criteria of zakat collection and distribution, and suggests on how to improve the zakat administration system. In addition, the book also empirically analyses the effects of zakat distribution on economic growth in the Federal Territory of Malaysia.
format	Book
author	Densumite, Sorfina Yusoff, Mohammed
author_facet	Densumite, Sorfina Yusoff, Mohammed
author_sort	Densumite, Sorfina
title	Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia
title_short	Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia
title_full	Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia
title_fullStr	Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia
title_full_unstemmed	Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia
title_sort	zakat administration, distribution and economic growth : a study in the federal territory of malaysia
publisher	LAP LAMBERT Academic Publishing
publishDate	2013
url	http://irep.iium.edu.my/29346/ http://irep.iium.edu.my/29346/ http://irep.iium.edu.my/29346/1/zakat_administration.pdf
first_indexed	2023-09-18T20:43:04Z
last_indexed	2023-09-18T20:43:04Z
_version_	1777409493998501888

Zakat administration, distribution and economic growth : a study in the Federal Territory of Malaysia

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