PRE-REQUISITES FOR EFFECTIVE INTEGRATION OF ZAKAH INTO MAINSTREAM ISLAMIC FINANCIAL SYSTEM IN MALAYSIA

Abdul Rahim Abdul Rahman · Abdul Rahim

40 citations0/0 files storedRePEc: Research Papers in Economics

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Islamic Finance and Banking Studies Religion, Society, and Development Halal products and consumer behavior

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.

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2019DETERMINATION OF PROFESSIONALISM AND TRANSPARENCY AND ITS IMPLICATIONS FOR THE FINANCIAL PERFORMANCE OF ZAKAT INSTITUTIONS 2013Review on Indonesian Zakah Management and Obstacles 2014Proposed Best Practices of Financial Information Disclosure for Zakat Institutions: A Case Study of Malaysia 2018BUILDING INTEGRATION AND INTERCONNECTION IN ISLAMIC ECONOMIC SYSTEM TO CREATE ISLAMIC SOLUTIONS IN SOLVING SOCIAL PROBLEMS 2022Promoting business zakah as a product of Islamic finance to fund social causes for well-being of the underprivileged: evidence from Bangladesh

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