Evaluating corporate reporting on the internet: the case of zakat institutions in Malaysia
The purpose of this study is to document the extent of financial and non-financial reporting practices through the internet by zakat institutions and to identify the type of information reported. Using a checklist adapted from similar studies in the commercial sector, the study suggests that the d...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2014
|
| Online Access: | http://journalarticle.ukm.my/9407/ http://journalarticle.ukm.my/9407/ http://journalarticle.ukm.my/9407/1/9207-25184-1-PB.pdf |
| Summary: | The purpose of this study is to document the extent of financial and non-financial reporting practices through the internet
by zakat institutions and to identify the type of information reported. Using a checklist adapted from similar studies in the
commercial sector, the study suggests that the disclosures of financial and non-financial information such as information
on social responsibility are uncommon. While most of the zakat institutions focus on providing information regarding zakat
collection and distribution, none has included financial statements. However, these institutions have gained reasonable
score in terms of information timeliness with majority of them update their website on regular basis. The findings suggest
that zakat institution in Malaysia should fully utilise the use internet as a main medium of communication, especially in
order to gain more public trust and recognition. |
|---|