Zakat Surplus Funds Management
The success of zakat institutions in managing the affairs of the zakat fund cannot be denied. Zakat collection has been increased substantially every year. However, one issue that is still being debated is the issue of zakat fund surplus. The purpose of this paper is to discuss two key points. Firs...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2016-11-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/3602 |
| _version_ | 1797919779147743232 |
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| author | Ram Al Jaffri Saad Norfaiezah Sawandi Rahayu Mohammad |
| author_facet | Ram Al Jaffri Saad Norfaiezah Sawandi Rahayu Mohammad |
| author_sort | Ram Al Jaffri Saad |
| collection | DOAJ |
| description |
The success of zakat institutions in managing the affairs of the zakat fund cannot be denied. Zakat collection has been increased substantially every year. However, one issue that is still being debated is the issue of zakat fund surplus. The purpose of this paper is to discuss two key points. First, to identify whether zakat fund surplus exists or not at the time of Prophet Muhammad (PBUH) and the Caliphs after Prophet Muhammad (PBUH). Second, to discuss the developments in the management of zakat fund surplus. The content analysis method was employed to achieve the objectives. Results show that there is a surplus of zakat funds reported during the reign of Caliph Umar Abdul Aziz. The study also found that surplus of zakat funds can be managed by investing the zakat fund surplus for the benefit of the zakat recipients (asnaf).
Keywords: Zakat Collection, Zakat Distribution, Fund Surplus, Management
JEL Classification: M40 |
| first_indexed | 2024-04-10T13:50:58Z |
| format | Article |
| id | doaj.art-62c93f896e604bd09cca8cdefada953e |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T13:50:58Z |
| publishDate | 2016-11-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-62c93f896e604bd09cca8cdefada953e2023-02-15T16:10:40ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-11-0167SZakat Surplus Funds ManagementRam Al Jaffri SaadNorfaiezah SawandiRahayu Mohammad The success of zakat institutions in managing the affairs of the zakat fund cannot be denied. Zakat collection has been increased substantially every year. However, one issue that is still being debated is the issue of zakat fund surplus. The purpose of this paper is to discuss two key points. First, to identify whether zakat fund surplus exists or not at the time of Prophet Muhammad (PBUH) and the Caliphs after Prophet Muhammad (PBUH). Second, to discuss the developments in the management of zakat fund surplus. The content analysis method was employed to achieve the objectives. Results show that there is a surplus of zakat funds reported during the reign of Caliph Umar Abdul Aziz. The study also found that surplus of zakat funds can be managed by investing the zakat fund surplus for the benefit of the zakat recipients (asnaf). Keywords: Zakat Collection, Zakat Distribution, Fund Surplus, Management JEL Classification: M40http://mail.econjournals.com/index.php/ijefi/article/view/3602 |
| spellingShingle | Ram Al Jaffri Saad Norfaiezah Sawandi Rahayu Mohammad Zakat Surplus Funds Management International Journal of Economics and Financial Issues |
| title | Zakat Surplus Funds Management |
| title_full | Zakat Surplus Funds Management |
| title_fullStr | Zakat Surplus Funds Management |
| title_full_unstemmed | Zakat Surplus Funds Management |
| title_short | Zakat Surplus Funds Management |
| title_sort | zakat surplus funds management |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/3602 |
| work_keys_str_mv | AT ramaljaffrisaad zakatsurplusfundsmanagement AT norfaiezahsawandi zakatsurplusfundsmanagement AT rahayumohammad zakatsurplusfundsmanagement |