Imposing zakāt on legal entities and its applications in Islamic financial institutions

• Main Authors: Mohd Noor, Azman, Haron, Muhamad Nasir
• Format: Article
• Language: English
• Published: Brill Academic Publisher 2013
• Subjects: HG Finance; HG4001 Financial management. Business finance. Corporation finance.
• Online Access: http://irep.iium.edu.my/42199/1/Dr_Azman_zakat.pdf; http://irep.iium.edu.my/42199/; http://booksandjournals.brillonline.com/content/journals/10.1163/15730255-12341249?crawler=true&mimetype=application/pdf
• Institution: Universiti Islam Antarabangsa Malaysia

Zakāt (obligation to donate a certain proportion of wealth each year to charitable causes) is imposed on particular assets owned by Muslims. However, as there has been a tremendous development in trade locally and globally, and with the growth of Islamic banking and finance and the increased dema...