Zakah practice in Islamic banking institution in Malaysia: a legal horizon

• Main Authors: Badarulzaman, Muhammad Hafiz, Azhar, Alias, Md Ismail, Che Thalbi
• Format: Article
• Language: English
• Published: Universiti Malaysia Perlis 2016
• Subjects: BP Islam. Bahaism. Theosophy, etc; HG Finance
• Online Access: http://repo.uum.edu.my/21967/1/JHDC%205%202016%2063-78.pdf; http://repo.uum.edu.my/21967/; https://johdec.unimap.edu.my/index.php/volume-5-2016

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 dept...