Kecekapan Pengurusan Kewangan Dan Agihan Zakat: Kajian Di Majlis Ugama Islam Sabah (Muis)

Omar, Pg Mohd Faezul Fikri Ag; Wahid, Hairunnizam; Nor, Mohd Tusirin Mohd

doi:10.22452/js.vol25no3.3

Cited by 4 publications

(6 citation statements)

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“…It has been widely indicated that the contribution of zakat should have direct socio-economic benefits for the as . n af (Embong et al, 2013;Wahid and Ahmad, 2014;Omar et al, 2017;Shaikh and Ismail, 2017). Such benefits include but are not restricted to: cash for daily needs, capital for business start-up, education funds and others.…”

Section: Root Of Zakat In Islammentioning

confidence: 99%

“…The proper implementation of zakat could elevate the ummah ’s socio-economic standing (Firmansyah, 2013; Debnath, 2015; Romdhoni, 2017; Ayuniyyah et al , 2018; Nahar, 2018). It has been widely indicated that the contribution of zakat should have direct socio-economic benefits for the aṣnāf (Embong et al , 2013; Wahid and Ahmad, 2014; Omar et al , 2017; Shaikh and Ismail, 2017). Such benefits include but are not restricted to: cash for daily needs, capital for business start-up, education funds and others.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In this country, zakat collection and disbursement are under the purview of the state governments; i.e. the SIRC (Wahid et al , 2015; Razimi et al , 2016; Omar et al , 2017). The Federal Constitution, Ninth Schedule (Article 74, 77) Legislative Lists; List II – State List specifies that all matters related to religious affairs, education, Islamic laws and management of zakat and waqf (Islamic endowment) fall under the purview of the state authority, i.e.…”

Section: Zakāt Al-māl Practices In Malaysiamentioning

confidence: 99%

“…Zakat contributes to a nation's socio-economic development, particularly in elevating the as . n af (eight eligible categories mentioned in the Qurʾ an) (Omar et al, 2017). Zakat is fundamental for helping the needy and poor in the form of financial support.…”

Section: Introductionmentioning

confidence: 99%

“…Zakat is fundamental for helping the needy and poor in the form of financial support. Hence, apart from socio-economic development, zakat also contributes to poverty eradication (Embong et al , 2013; Wahid and Ahmad, 2014; Omar et al , 2017).…”

Section: Introductionmentioning

confidence: 99%

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Establishing zakat on oil and gas in Malaysia: a new insight

Omar

Gazali

Samsulbahri

et al. 2021

IJIF

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Purpose The purpose of this paper is to deliberate on the establishment of zakat (Islamic alms) on oil and gas in Malaysia. Being one of the five Islamic pillars, zakat contributes significantly to the country’s socio-economic development and prosperity. However, in Malaysia and other Islamic countries, there is not yet a proper mechanism for calculating zakat on extracted minerals. Similar to gold and silver, oil and gas are valuable minerals, which, upon extraction, are subject to zakat payment. In Malaysia, however, this is not the case. Design/methodology/approach This study uses a qualitative method. It presents a thorough review on the stipulation for paying zakat on minerals, specifically oil and gas. The deliberation is based on secondary data entailing a comprehensive content analysis of prominent books on the subject, current zakat rulings and legal acts on oil and gas. Findings Oil and gas are subject to zakat payment, as indicated in several Qur’anic verses and based on the academic reasoning of Muslim scholars. The zakat calculation for oil and gas entails the nisab (minimum threshold value of the assets) but not the hawl (the requirement for one full Islamic year of ownership for the assets), by analogy with zakat on agricultural produce. Despite the obligation to pay zakat on minerals under the zakat al-mal (alms due on wealth) category, oil and gas is yet to be fully subject to this practice in Malaysia, although the country is known as an oil-producing Muslim country. Several legislative acts covering the managerial and business side of oil and gas operations have long been established, but the provision on zakat remains unclear. Hence, comprehensive legislation is needed to fine-tune the Malaysian oil and gas system, particularly with regard to zakat. Research limitations/implications This study relies mainly on secondary data and literature without performing any empirical investigations. Practical implications In terms of academic implication, this study enriches the existing body of knowledge on zakat. Practical implications would include enhanced decision-making concerning zakat on oil and gas on the part of zakat institutions, policymakers and the government of Malaysia. Originality/value This study provides practical and academic contributions to the deep understanding of zakat on oil and gas, which has received very little attention in the existing body of literature. Despite being limited in literature, this is a breakthrough study that sheds light on zakat on oil and gas.

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Section: Root Of Zakat In Islammentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Zakāt Al-māl Practices In Malaysiamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Establishing zakat on oil and gas in Malaysia: a new insight

Omar

Gazali

Samsulbahri

et al. 2021

IJIF

Self Cite

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Professionalism and Competency of Amil Zakat in Malaysia and Indonesia: Strategies for Sustainability

Rahman,

Rafiki,

Syahrial

et al. 2024

Contributions to Management Science

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Examining new measure of asnaf muslimpreneur success model: a Maqasid perspective

Amin

2022

JIABR

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Purpose This study aims to investigate mustahiq business success using a newly developed index called asnaf muslimpreneur success index (AMSi). Design/methodology/approach Following Abu Zaharah theory of al-Maqasid al-Shariah, the authors developed the AMSi through literature analyses and expert judges involving three Shariah scholars for improved extensions and applications. Subsequently, the authors conducted the actual survey, which included 17 mustahiq who had been assisted by the zakat institution in running their small and halal businesses in Sabah, Malaysia. Findings Using the AMSi, the success of asnaf businesses was in the moderate index, implying the success meets the index score of more than 50%. All indexes capturing asnafs’ business experience, asnafs’ business justice, asnafs’ well-being and asnafs’ financial wisdom were greater than the threshold value of 0.5 or 50%, implying that the interaction of the battery items involved in those variables resulted in satisfactory results, indicating that they are relevant and essential in gauging the asnafs’ success level in the development business programme. Research limitations/implications The results obtained were at the exploratory level, and for that, more studies related are expected to be conducted in the future, where the coverage of the respondents used is larger to extend the findings, at least. Practical implications The results obtained can become a yardstick to gauge the success of asnaf muslimpreneurs in Sabah, East Malaysia. Originality/value This study introduces new measures of asnaf muslimpreneur success model, where mustahiq business is brought into play.

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Kecekapan Pengurusan Kewangan Dan Agihan Zakat: Kajian Di Majlis Ugama Islam Sabah (Muis)

Cited by 4 publications

References 0 publications

Establishing zakat on oil and gas in Malaysia: a new insight

Establishing zakat on oil and gas in Malaysia: a new insight

Professionalism and Competency of Amil Zakat in Malaysia and Indonesia: Strategies for Sustainability

Examining new measure of asnaf muslimpreneur success model: a Maqasid perspective

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