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Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon

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Main Authors: Muhammad Hafiz, Badarulzaman, Alias, Azhar, Che Thalbi, Md Ismail
Other Authors: mdhafiz@uum.edu.my.
Format: Article
Language:English
Published: Center for Communication Technology And Human Development (UniMAP) 2018
Subjects:
Banking Zakah
Zakah Practice
slamic Banking Institution
Online Access:http://dspace.unimap.edu.my:80/xmlui/handle/123456789/52987
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spelling my.unimap-529872018-05-15T01:44:24Z Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon Muhammad Hafiz, Badarulzaman Alias, Azhar Che Thalbi, Md Ismail mdhafiz@uum.edu.my. az.alias@uum.edu.my. chet1048@uum.edu.my. Banking Zakah Zakah Practice slamic Banking Institution Link to publisher's homepage at http://johdec.unimap.edu.my The objective of the zakah payment is focused on the economic development of the ummah (society) and baldah (nation) and not only confined to the ritual practices. Islamic banking institutions (IBIs) in Malaysia are one of the entities that accountable for banking zakah. This paper will look in depth the concept and the legality of zakah. Besides, this paper also will deliberate the legal background of IBIs and analyze specifically on the zakah practice among the IBIs in Malaysia. This paper is totally a qualitative research paper in which it is more exploratory in nature and possibly resulting in the development of concepts and theories. Furthermore, historical approach will be used as to find out how and why certain rules, principles or institutions have come to take their present form. In addition, this paper also recapitulates all issues and challenges encountered by IBIs in Malaysia vis a vis zakah practice. Finally, some recommendations will be laid down such as the needs to propose a new statute to administer banking zakah and to set up a proper body to supervise on the aforesaid statute as well as to improve the zakah practice in IBIs in Malaysia. 2018-05-15T01:44:24Z 2018-05-15T01:44:24Z 2016 Article Journal of Human Development and Communication (JoHDEC), vol.5, 2016, pages 63-78 2289-2702 http://dspace.unimap.edu.my:80/xmlui/handle/123456789/52987 en Center for Communication Technology And Human Development (UniMAP)
institution Universiti Malaysia Perlis
building UniMAP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Perlis
content_source UniMAP Library Digital Repository
url_provider http://dspace.unimap.edu.my/
language English
topic Banking Zakah
Zakah Practice
slamic Banking Institution
spellingShingle Banking Zakah
Zakah Practice
slamic Banking Institution
Muhammad Hafiz, Badarulzaman
Alias, Azhar
Che Thalbi, Md Ismail
Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon
description Link to publisher's homepage at http://johdec.unimap.edu.my
author2 mdhafiz@uum.edu.my.
author_facet mdhafiz@uum.edu.my.
Muhammad Hafiz, Badarulzaman
Alias, Azhar
Che Thalbi, Md Ismail
format Article
author Muhammad Hafiz, Badarulzaman
Alias, Azhar
Che Thalbi, Md Ismail
author_sort Muhammad Hafiz, Badarulzaman
title Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon
title_short Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon
title_full Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon
title_fullStr Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon
title_full_unstemmed Zakah Practice in Islamic Banking Institution in Malaysia: A Legal Horizon
title_sort zakah practice in islamic banking institution in malaysia: a legal horizon
publisher Center for Communication Technology And Human Development (UniMAP)
publishDate 2018
url http://dspace.unimap.edu.my:80/xmlui/handle/123456789/52987
_version_ 1643803753324740608
score 13.214268

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