The practice of Islamic bank in zakat distribution: the case of Malaysia
Islamic banks have been bombarded with the accusations being the same with its conventional sides. Consequently, the public are not convinced with the title ‘Islamic’ that Islamic banks have been carrying. Despite a growing literature on the reporting practices of Islamic banks, there is a need o...
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2022
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Online Access: | http://irep.iium.edu.my/101052/7/101052_The%20practice%20of%20Islamic%20bank%20in%20zakat%20distribution.pdf http://irep.iium.edu.my/101052/8/101052_The%20practice%20of%20Islamic%20bank%20in%20zakat%20distribution_Scopus.pdf http://irep.iium.edu.my/101052/ https://doi.org/10.1007/978-3-031-08090-6_10 |
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my.iium.irep.1010522022-11-10T01:41:44Z http://irep.iium.edu.my/101052/ The practice of Islamic bank in zakat distribution: the case of Malaysia Hassan, Rusni M. A. Zaaba, Nurul Iffah HG3368 Islamic Banking and Finance Islamic banks have been bombarded with the accusations being the same with its conventional sides. Consequently, the public are not convinced with the title ‘Islamic’ that Islamic banks have been carrying. Despite a growing literature on the reporting practices of Islamic banks, there is a need of research on the role of Islamic banks in zakat distribution. This descriptive, content analysis examined the annual reports and financial statements of Islamic banks to explore information that can be found in these documents. Documents from year 2018 until year 2020 was searched using their individual website and downloaded. Results indicated that Islamic banks do not disclose much information on zakat distribution, since it is considered as voluntary disclosure. Annual reports and financial statements are means of corporate communication to the public. Thus, disclosing such information is recommended. Springer Nature 2022 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/101052/7/101052_The%20practice%20of%20Islamic%20bank%20in%20zakat%20distribution.pdf application/pdf en http://irep.iium.edu.my/101052/8/101052_The%20practice%20of%20Islamic%20bank%20in%20zakat%20distribution_Scopus.pdf Hassan, Rusni and M. A. Zaaba, Nurul Iffah (2022) The practice of Islamic bank in zakat distribution: the case of Malaysia. In: International Conference on Business and Technology, ICBT 2021, 6-7 November 2021, Istanbul, Turkey. https://doi.org/10.1007/978-3-031-08090-6_10 10.1007/978-3-031-08090-6_10 |
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HG3368 Islamic Banking and Finance Hassan, Rusni M. A. Zaaba, Nurul Iffah The practice of Islamic bank in zakat distribution: the case of Malaysia |
description |
Islamic banks have been bombarded with the accusations being the same
with its conventional sides. Consequently, the public are not convinced with the title
‘Islamic’ that Islamic banks have been carrying. Despite a growing literature on the
reporting practices of Islamic banks, there is a need of research on the role of Islamic
banks in zakat distribution. This descriptive, content analysis examined the annual
reports and financial statements of Islamic banks to explore information that can be
found in these documents. Documents from year 2018 until year 2020 was searched
using their individual website and downloaded. Results indicated that Islamic banks
do not disclose much information on zakat distribution, since it is considered as
voluntary disclosure. Annual reports and financial statements are means of corporate
communication to the public. Thus, disclosing such information is recommended. |
format |
Conference or Workshop Item |
author |
Hassan, Rusni M. A. Zaaba, Nurul Iffah |
author_facet |
Hassan, Rusni M. A. Zaaba, Nurul Iffah |
author_sort |
Hassan, Rusni |
title |
The practice of Islamic bank in zakat distribution: the case of Malaysia |
title_short |
The practice of Islamic bank in zakat distribution: the case of Malaysia |
title_full |
The practice of Islamic bank in zakat distribution: the case of Malaysia |
title_fullStr |
The practice of Islamic bank in zakat distribution: the case of Malaysia |
title_full_unstemmed |
The practice of Islamic bank in zakat distribution: the case of Malaysia |
title_sort |
practice of islamic bank in zakat distribution: the case of malaysia |
publisher |
Springer Nature |
publishDate |
2022 |
url |
http://irep.iium.edu.my/101052/7/101052_The%20practice%20of%20Islamic%20bank%20in%20zakat%20distribution.pdf http://irep.iium.edu.my/101052/8/101052_The%20practice%20of%20Islamic%20bank%20in%20zakat%20distribution_Scopus.pdf http://irep.iium.edu.my/101052/ https://doi.org/10.1007/978-3-031-08090-6_10 |
_version_ |
1751535907982278656 |
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13.160551 |