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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Institution:	Universiti Malaysia Perlis
Language:	English

id	my.unimap-52987
record_format	dspace
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

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

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