Influence of zakat on sejahtera strategic position and action

• Main Authors: Mhd. Sarif, Suhaimi, Zainudin, Dolhadi, Yahya, Rohaziah
• Format: Conference or Workshop Item
• Language: English; English; English; English
• Published: 2020
• Subjects: BPH531 Zakat
• Online Access: http://irep.iium.edu.my/83841/17/83841%20Influence%20of%20Zakat%20on%20Sejahtera%20Strategic%20Position%20and%20Action.pdf; http://irep.iium.edu.my/83841/1/4th%20ICONZ%20Participant%20Certificate_Assoc.%20Prof.%20Dr.%20Suhaimin%20Bin%20Mhd%20Sarif.pdf; http://irep.iium.edu.my/83841/4/R4-6_SuhaimiDolhadi.pdf; http://irep.iium.edu.my/83841/18/83841%20Influence%20of%20Zakat%20on%20Sejahtera%20Strategic%20Position%20and%20Action%20-%20unpublished%20paper.pdf; http://irep.iium.edu.my/83841/
• Institution: Universiti Islam Antarabangsa Malaysia

Zakat is religious duty for Muslims. Muslim-owned companies also paid zakat. With religious duty in mind, there is no expectation of worldly rewards. When companies are constantly paid zakat, there is good effect to the companies’ performance and competitive advantages. This study postulated that zakat enables companies to gain sejahtera strategic position and action for sustainable performance. The case study on three different companies that paid zakat showed sejahtera position and action. The study uses strategic position and action evaluation (SPACE) Matrix to investigate the influence of zakat on sejahtera strategic position and action. The results of the study showed that zakat has worldly effect.