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Zakat investment in Shariah

Zakat is an obligatory payment and the idea of zakat investment was initiated by the belief that providing the poor and needy with a non-substantial amount of fund that is mostly used to pay for their expenditure is not enough to undertake poverty. Muslim intellectuals suggested a long-term measure...

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Main Authors:	Gafoordeen, Nagoor, Mohamed Mohideen, Nayeem, Akbar, Mohamed Aslam
Format:	Article
Language:	English English
Published:	Medwell Journals 2016
Subjects:	BP140 Islamic law (Fiqh) BPH531 Zakat HB126.4 Islamic Economics HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/79746/1/Published%20Article.pdf http://irep.iium.edu.my/79746/6/79746%20Zakat%20Investment%20in%20Shariah%20SCOPUS.pdf http://irep.iium.edu.my/79746/ http://docsdrive.com/pdfs/medwelljournals/ibm/2016/2398-2401.pdf
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id	my.iium.irep.79746
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spelling	my.iium.irep.797462020-04-16T04:21:08Z http://irep.iium.edu.my/79746/ Zakat investment in Shariah Gafoordeen, Nagoor Mohamed Mohideen, Nayeem Akbar, Mohamed Aslam BP140 Islamic law (Fiqh) BPH531 Zakat HB126.4 Islamic Economics HG4501 Stocks, investment, speculation Zakat is an obligatory payment and the idea of zakat investment was initiated by the belief that providing the poor and needy with a non-substantial amount of fund that is mostly used to pay for their expenditure is not enough to undertake poverty. Muslim intellectuals suggested a long-term measure involving the investment of zakat that not only complement the poor with a stream of income that is more consistent and continuous, but also provide a source of income to fund overall Muslim economic development. However, Muslim intellectuals found that investment of zakat may make the payment legally vulnerable from the Shariah (Islamic law) point of view. Thus, many fatwas and views have been expressed by the Muslim intellectuals as guidelines to ensure that the investment activities conform to Shariah. This study examines contemporary intellectuals’ viewpoints of zakat investment. Medwell Journals 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/79746/1/Published%20Article.pdf application/pdf en http://irep.iium.edu.my/79746/6/79746%20Zakat%20Investment%20in%20Shariah%20SCOPUS.pdf Gafoordeen, Nagoor and Mohamed Mohideen, Nayeem and Akbar, Mohamed Aslam (2016) Zakat investment in Shariah. International Business Management, 10 (12). pp. 2398-2401. ISSN 1993-5250 http://docsdrive.com/pdfs/medwelljournals/ibm/2016/2398-2401.pdf 10.36478/ibm.2016.2398.2401
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English English
topic	BP140 Islamic law (Fiqh) BPH531 Zakat HB126.4 Islamic Economics HG4501 Stocks, investment, speculation
spellingShingle	BP140 Islamic law (Fiqh) BPH531 Zakat HB126.4 Islamic Economics HG4501 Stocks, investment, speculation Gafoordeen, Nagoor Mohamed Mohideen, Nayeem Akbar, Mohamed Aslam Zakat investment in Shariah
description	Zakat is an obligatory payment and the idea of zakat investment was initiated by the belief that providing the poor and needy with a non-substantial amount of fund that is mostly used to pay for their expenditure is not enough to undertake poverty. Muslim intellectuals suggested a long-term measure involving the investment of zakat that not only complement the poor with a stream of income that is more consistent and continuous, but also provide a source of income to fund overall Muslim economic development. However, Muslim intellectuals found that investment of zakat may make the payment legally vulnerable from the Shariah (Islamic law) point of view. Thus, many fatwas and views have been expressed by the Muslim intellectuals as guidelines to ensure that the investment activities conform to Shariah. This study examines contemporary intellectuals’ viewpoints of zakat investment.
format	Article
author	Gafoordeen, Nagoor Mohamed Mohideen, Nayeem Akbar, Mohamed Aslam
author_facet	Gafoordeen, Nagoor Mohamed Mohideen, Nayeem Akbar, Mohamed Aslam
author_sort	Gafoordeen, Nagoor
title	Zakat investment in Shariah
title_short	Zakat investment in Shariah
title_full	Zakat investment in Shariah
title_fullStr	Zakat investment in Shariah
title_full_unstemmed	Zakat investment in Shariah
title_sort	zakat investment in shariah
publisher	Medwell Journals
publishDate	2016
url	http://irep.iium.edu.my/79746/1/Published%20Article.pdf http://irep.iium.edu.my/79746/6/79746%20Zakat%20Investment%20in%20Shariah%20SCOPUS.pdf http://irep.iium.edu.my/79746/ http://docsdrive.com/pdfs/medwelljournals/ibm/2016/2398-2401.pdf
_version_	1665894803032768512
score	13.211869

Zakat investment in Shariah

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