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Factors Influencing A Business Towards Zakat Payment In Malaysia

Zakat is one of the five pillars in Islam. Zakat is a compulsory contribution system in Islam, taken from those who have excesses, and gives to the needy. Its principal objectives are to develop a balanced socio-economic growth, and to purify one's soul and wealth so that their wealth is blesse...

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Main Authors: Abdul Aziz, Abdullah, Mohd Rizuan, Abdul Kadir, Zulkifli, Zainal Abidin
Format: Article
Language:English
Published: 2014
Subjects:
HF Commerce
HF5601 Accounting
HS Societies secret benevolent etc
Online Access:http://eprints.unisza.edu.my/4802/1/FH02-FESP-15-02958.pdf
http://eprints.unisza.edu.my/4802/
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spelling my-unisza-ir.48022022-01-18T03:15:16Z http://eprints.unisza.edu.my/4802/ Factors Influencing A Business Towards Zakat Payment In Malaysia Abdul Aziz, Abdullah Mohd Rizuan, Abdul Kadir Zulkifli, Zainal Abidin HF Commerce HF5601 Accounting HS Societies secret benevolent etc Zakat is one of the five pillars in Islam. Zakat is a compulsory contribution system in Islam, taken from those who have excesses, and gives to the needy. Its principal objectives are to develop a balanced socio-economic growth, and to purify one's soul and wealth so that their wealth is blessed by Allah SWT (God). It was agreed by all Muslim scholars that businesses are subject to zakat. Zakat on business is obligatory (wajib) for companies, as long as Muslims have interests it. However, the collection of zakat from the businesses in Malaysia is still low. This might due to much reasons.This study is not looking at the business zakat non-compliance, but rather to investigate the factors that influence a company towards the zakat payment. It examine whether the company’s characteristics such as board of directors, shareholding’s ownership, size of the company and the level of profitability will motivate the zakat payment on business. The results found that none of the factors are significantly relate to the business zakat payment by businesses. 2014-04 Article PeerReviewed text en http://eprints.unisza.edu.my/4802/1/FH02-FESP-15-02958.pdf Abdul Aziz, Abdullah and Mohd Rizuan, Abdul Kadir and Zulkifli, Zainal Abidin (2014) Factors Influencing A Business Towards Zakat Payment In Malaysia. International journal of Science Commerce and Humanities, 2 (3). pp. 147-156. ISSN 2052-6164
institution Universiti Sultan Zainal Abidin
building UNISZA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sultan Zainal Abidin
content_source UNISZA Institutional Repository
url_provider https://eprints.unisza.edu.my/
language English
topic HF Commerce
HF5601 Accounting
HS Societies secret benevolent etc
spellingShingle HF Commerce
HF5601 Accounting
HS Societies secret benevolent etc
Abdul Aziz, Abdullah
Mohd Rizuan, Abdul Kadir
Zulkifli, Zainal Abidin
Factors Influencing A Business Towards Zakat Payment In Malaysia
description Zakat is one of the five pillars in Islam. Zakat is a compulsory contribution system in Islam, taken from those who have excesses, and gives to the needy. Its principal objectives are to develop a balanced socio-economic growth, and to purify one's soul and wealth so that their wealth is blessed by Allah SWT (God). It was agreed by all Muslim scholars that businesses are subject to zakat. Zakat on business is obligatory (wajib) for companies, as long as Muslims have interests it. However, the collection of zakat from the businesses in Malaysia is still low. This might due to much reasons.This study is not looking at the business zakat non-compliance, but rather to investigate the factors that influence a company towards the zakat payment. It examine whether the company’s characteristics such as board of directors, shareholding’s ownership, size of the company and the level of profitability will motivate the zakat payment on business. The results found that none of the factors are significantly relate to the business zakat payment by businesses.
format Article
author Abdul Aziz, Abdullah
Mohd Rizuan, Abdul Kadir
Zulkifli, Zainal Abidin
author_facet Abdul Aziz, Abdullah
Mohd Rizuan, Abdul Kadir
Zulkifli, Zainal Abidin
author_sort Abdul Aziz, Abdullah
title Factors Influencing A Business Towards Zakat Payment In Malaysia
title_short Factors Influencing A Business Towards Zakat Payment In Malaysia
title_full Factors Influencing A Business Towards Zakat Payment In Malaysia
title_fullStr Factors Influencing A Business Towards Zakat Payment In Malaysia
title_full_unstemmed Factors Influencing A Business Towards Zakat Payment In Malaysia
title_sort factors influencing a business towards zakat payment in malaysia
publishDate 2014
url http://eprints.unisza.edu.my/4802/1/FH02-FESP-15-02958.pdf
http://eprints.unisza.edu.my/4802/
_version_ 1724079386789937152
score 13.223943

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