The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In Malaysia

<p><strong>Objective: </strong>Based on the report of the Malaysian Zakat Management, business Zakat records among the highest collection from the total Zakat collection. Islamic banking insitutions in Malaysia serves as the main contributor to business Zakat . In Malaysia, there a...

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Main Author: Azman Ab Rahman
Format: Article
Language:English
Published: Tazkia University College of Islamic Economics; Association of Islamic Economics Lecturers 2012-08-01
Series:Tazkia Islamic Finance and Business Review
Online Access:http://tifbr-tazkia.org/index.php/TIFBR/article/view/16
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author Azman Ab Rahman
author_facet Azman Ab Rahman
author_sort Azman Ab Rahman
collection DOAJ
description <p><strong>Objective: </strong>Based on the report of the Malaysian Zakat Management, business Zakat records among the highest collection from the total Zakat collection. Islamic banking insitutions in Malaysia serves as the main contributor to business Zakat . In Malaysia, there are 17 banks doing trade and investment based on Syariah. Therefore, this article will examine the role of business Zakat in Malaysian Islamic banking institutions in developing the economy of the poor.</p><p><strong>Methods</strong>: This study uses the library study method. Among the reading materials that have been referred include those materials related to the poor, the policy approach formed from selected banks namely Bank A and Bank B, the statistical report of the Islamic banking institutions Zakat , websites on the background of the bank sample and so on.</p><p><strong>Results: </strong>As a general guideline in building a framework, through Zakat distribution management in Islamic banking institutions method which is in terms of the policy and regulations. Beside that, this research also focuses on the Islamic banking institutions concern in helping the poor and needy to enhance their lives and also the forms of assistance given to them.</p><p><strong>Conclusion: </strong>It is hoped that this study will be able to become a platform in the brainstorming of several ideas as to ensure that the Zakat management in Malaysian Islamic banking institutions to become better-arranged and effective other than making sure that the Zakat money given to those who deserve them can really achieve the goals that have been determined in Islam.</p><p><strong>Keywords :</strong> Business Zakat, Islamic Banking Institutions, Economy, The Poor</p>
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spelling doaj.art-9aa3c21d52c940cd9db8dc36514780ec2022-12-22T00:09:58ZengTazkia University College of Islamic Economics; Association of Islamic Economics LecturersTazkia Islamic Finance and Business Review1907-81452460-07172012-08-017210.30993/tifbr.v7i2.1613The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In MalaysiaAzman Ab Rahman0Faculty of Sharia and Law, Universiti Sains Islam Malaysia<p><strong>Objective: </strong>Based on the report of the Malaysian Zakat Management, business Zakat records among the highest collection from the total Zakat collection. Islamic banking insitutions in Malaysia serves as the main contributor to business Zakat . In Malaysia, there are 17 banks doing trade and investment based on Syariah. Therefore, this article will examine the role of business Zakat in Malaysian Islamic banking institutions in developing the economy of the poor.</p><p><strong>Methods</strong>: This study uses the library study method. Among the reading materials that have been referred include those materials related to the poor, the policy approach formed from selected banks namely Bank A and Bank B, the statistical report of the Islamic banking institutions Zakat , websites on the background of the bank sample and so on.</p><p><strong>Results: </strong>As a general guideline in building a framework, through Zakat distribution management in Islamic banking institutions method which is in terms of the policy and regulations. Beside that, this research also focuses on the Islamic banking institutions concern in helping the poor and needy to enhance their lives and also the forms of assistance given to them.</p><p><strong>Conclusion: </strong>It is hoped that this study will be able to become a platform in the brainstorming of several ideas as to ensure that the Zakat management in Malaysian Islamic banking institutions to become better-arranged and effective other than making sure that the Zakat money given to those who deserve them can really achieve the goals that have been determined in Islam.</p><p><strong>Keywords :</strong> Business Zakat, Islamic Banking Institutions, Economy, The Poor</p>http://tifbr-tazkia.org/index.php/TIFBR/article/view/16
spellingShingle Azman Ab Rahman
The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In Malaysia
Tazkia Islamic Finance and Business Review
title The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In Malaysia
title_full The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In Malaysia
title_fullStr The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In Malaysia
title_full_unstemmed The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In Malaysia
title_short The Role of Zakat In Islamic Banking Institutions In Developing The Economyof The Poorand Needy In Malaysia
title_sort role of zakat in islamic banking institutions in developing the economyof the poorand needy in malaysia
url http://tifbr-tazkia.org/index.php/TIFBR/article/view/16
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