Establishing zakat on oil and gas in Malaysia: a new insight

• Main Authors: Pg Mohd Faezul Fikri Ag Omar, Haneffa Muchlis Gazali, Mohd Nasir Samsulbahri, Nurul Izzati Abd Razak, Norhamiza Ishak
• Format: Article
• Language: English; English
• Published: Emerald Group Publishing Ltd. 2021
• Subjects: BP176-181 The five duties of a Moslem. Pillars of Islam
• Online Access: https://eprints.ums.edu.my/id/eprint/31626/3/Establishing%20zakat%20on%20oil%20and%20gas%20in%20Malaysia_%20a%20new%20insight_ABSTRACT.pdf; https://eprints.ums.edu.my/id/eprint/31626/1/Establishing%20zakat%20on%20oil%20and%20gas%20in%20Malaysia%20a%20new%20insight.pdf; https://eprints.ums.edu.my/id/eprint/31626/; https://www.emerald.com/insight/content/doi/10.1108/IJIF-04-2020-0089/full/html; http://dx.doi.org/10.1108/IJIF-04-2020-0089

Purpose – The purpose of this paper is to deliberate on the establishment of zakat (Islamic alms) on oil and gas in Malaysia. Being one of the five Islamic pillars, zakat contributes significantly to the country’s socio-economic development and prosperity. However, in Malaysia and other Islamic coun...