Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia
This paper discusses legislation adopted by the State Islamic Religious Council (MAIN) and the waqf, zakat and baitulmal institutions (WZB), particularly in relation to accounting and finance. The study involved only the states of Perlis, Kedah, Penang, Perak and Sarawak. The Federal Constitution,...
| Main Authors: | , , , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2019
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| Online Access: | https://repo.uum.edu.my/id/eprint/26647/1/ZAWED%202019%20141%20148.pdf |
| _version_ | 1803629167609118720 |
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| author | Ishak, Suhaimi Ku Ismail, Ku Nor Izah Derashid, Chek Abu Bakar, Fathiyyah Sawandi, Norfaiezah Abdul Wahab, Muhammad Syahir |
| author_facet | Ishak, Suhaimi Ku Ismail, Ku Nor Izah Derashid, Chek Abu Bakar, Fathiyyah Sawandi, Norfaiezah Abdul Wahab, Muhammad Syahir |
| author_sort | Ishak, Suhaimi |
| collection | UUM |
| description | This paper discusses legislation adopted by the State Islamic Religious Council (MAIN) and the waqf, zakat and baitulmal institutions (WZB), particularly in relation to accounting and finance. The study involved only the states of Perlis, Kedah, Penang, Perak and Sarawak. The
Federal Constitution, the Statutory Bodies (Accounts and Annual Reports) Act 1980 (Act
240), and several Acts relating to this topic are discussed. Meanwhile, the Administration of
Islamic Religious Administration and the Ordinance of each state was also examined to discuss this. The data was obtained through interviews with accountants or financial officers of MAIN and WZB institutions. In addition, research on important documents such as the ACT, financial regulations and annual reports of MAIN and WZB institutions was also undertaken. The results of this study have provided a new input into the legal knowledge used by MAIN and the WZB institutions in accounting and finance. Finally, the findings of this study have also been an important input in the formulation of Islamic accounting standards by
the Accounting Department of Malaysia (JANM). |
| first_indexed | 2024-07-04T06:33:33Z |
| format | Conference or Workshop Item |
| id | uum-26647 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:33:33Z |
| publishDate | 2019 |
| record_format | dspace |
| spelling | uum-266472019-12-10T02:15:03Z https://repo.uum.edu.my/id/eprint/26647/ Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia Ishak, Suhaimi Ku Ismail, Ku Nor Izah Derashid, Chek Abu Bakar, Fathiyyah Sawandi, Norfaiezah Abdul Wahab, Muhammad Syahir HF5601 Accounting This paper discusses legislation adopted by the State Islamic Religious Council (MAIN) and the waqf, zakat and baitulmal institutions (WZB), particularly in relation to accounting and finance. The study involved only the states of Perlis, Kedah, Penang, Perak and Sarawak. The Federal Constitution, the Statutory Bodies (Accounts and Annual Reports) Act 1980 (Act 240), and several Acts relating to this topic are discussed. Meanwhile, the Administration of Islamic Religious Administration and the Ordinance of each state was also examined to discuss this. The data was obtained through interviews with accountants or financial officers of MAIN and WZB institutions. In addition, research on important documents such as the ACT, financial regulations and annual reports of MAIN and WZB institutions was also undertaken. The results of this study have provided a new input into the legal knowledge used by MAIN and the WZB institutions in accounting and finance. Finally, the findings of this study have also been an important input in the formulation of Islamic accounting standards by the Accounting Department of Malaysia (JANM). 2019-12 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/26647/1/ZAWED%202019%20141%20148.pdf Ishak, Suhaimi and Ku Ismail, Ku Nor Izah and Derashid, Chek and Abu Bakar, Fathiyyah and Sawandi, Norfaiezah and Abdul Wahab, Muhammad Syahir (2019) Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia. In: International Conference on Zakat, Tax, Waqf And Economic Development (ZAWED), 1st – 2nd December 2019, Adya Hotel Langkawi, Malaysia. |
| spellingShingle | HF5601 Accounting Ishak, Suhaimi Ku Ismail, Ku Nor Izah Derashid, Chek Abu Bakar, Fathiyyah Sawandi, Norfaiezah Abdul Wahab, Muhammad Syahir Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia |
| title | Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia |
| title_full | Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia |
| title_fullStr | Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia |
| title_full_unstemmed | Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia |
| title_short | Accounting and finance regulations by state Islamic religious council and Waqf, Zakat and Baitulmal Institutions in Malaysia |
| title_sort | accounting and finance regulations by state islamic religious council and waqf zakat and baitulmal institutions in malaysia |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/26647/1/ZAWED%202019%20141%20148.pdf |
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