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Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg

Islamic banks play a significant role in redistribution of wealth in society through the implementation of Zakat. These banks aim at providing Islamic financial products and services such as Zakat to their customers in accordance with the Islamic principles and guidelines (i.e., Shariah). Zakat comp...

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Main Author: Alasheg, Salaheddin
Format: Book Section
Language:English
Published: Institute of Graduate Studies, UiTM 2018
Subjects:
Islam and economics
Alms (Zakat)
Banking
Online Access:http://ir.uitm.edu.my/id/eprint/22136/1/ABS_SALAHEDDIN%20ALASHEG%20TDRA%20VOL%2014%20IGS%2018.pdf
http://ir.uitm.edu.my/id/eprint/22136/
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spelling my.uitm.ir.221362019-01-11T07:23:16Z http://ir.uitm.edu.my/id/eprint/22136/ Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg Alasheg, Salaheddin Islam and economics Alms (Zakat) Banking Islamic banks play a significant role in redistribution of wealth in society through the implementation of Zakat. These banks aim at providing Islamic financial products and services such as Zakat to their customers in accordance with the Islamic principles and guidelines (i.e., Shariah). Zakat computation is necessary for Islamic banks to fulfil their duty and obligation. The collection of Zakat needs reliable and efficient accounting principles and rules that will provide a proper and fair assessment of the Zakat payment. This study aims to investigate and examine the accounting policy procedure for the determination and measurement of the items included in the Zakat base. In particular, the objectives of this study are (i) to determine whether Bank Islam Malaysia Berhad (BIMB) should or should not use the market-selling price (the current value of the assets) for Zakat payment, (ii) to investigate the accounting basis (cash or accrual basis) that is used for Zakat purpose, and (iii) to examine various schools of thoughts on how the Zakat on debts (accounts receivable - liabilities) should be addressed. For achieving the study objectives, a qualitative content analysis and a single case study were conducted… Institute of Graduate Studies, UiTM 2018 Book Section PeerReviewed text en http://ir.uitm.edu.my/id/eprint/22136/1/ABS_SALAHEDDIN%20ALASHEG%20TDRA%20VOL%2014%20IGS%2018.pdf Alasheg, Salaheddin (2018) Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg. In: The Doctoral Research Abstracts. IGS Biannual Publication, 14 . Institute of Graduate Studies, UiTM, Shah Alam.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Islam and economics
Alms (Zakat)
Banking
spellingShingle Islam and economics
Alms (Zakat)
Banking
Alasheg, Salaheddin
Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg
description Islamic banks play a significant role in redistribution of wealth in society through the implementation of Zakat. These banks aim at providing Islamic financial products and services such as Zakat to their customers in accordance with the Islamic principles and guidelines (i.e., Shariah). Zakat computation is necessary for Islamic banks to fulfil their duty and obligation. The collection of Zakat needs reliable and efficient accounting principles and rules that will provide a proper and fair assessment of the Zakat payment. This study aims to investigate and examine the accounting policy procedure for the determination and measurement of the items included in the Zakat base. In particular, the objectives of this study are (i) to determine whether Bank Islam Malaysia Berhad (BIMB) should or should not use the market-selling price (the current value of the assets) for Zakat payment, (ii) to investigate the accounting basis (cash or accrual basis) that is used for Zakat purpose, and (iii) to examine various schools of thoughts on how the Zakat on debts (accounts receivable - liabilities) should be addressed. For achieving the study objectives, a qualitative content analysis and a single case study were conducted…
format Book Section
author Alasheg, Salaheddin
author_facet Alasheg, Salaheddin
author_sort Alasheg, Salaheddin
title Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg
title_short Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg
title_full Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg
title_fullStr Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg
title_full_unstemmed Understanding the practices of accounting policy treatment for zakat measurement in Islamic banks the case of Bank Islam Malaysia Berhad / Salaheddin Alasheg
title_sort understanding the practices of accounting policy treatment for zakat measurement in islamic banks the case of bank islam malaysia berhad / salaheddin alasheg
publisher Institute of Graduate Studies, UiTM
publishDate 2018
url http://ir.uitm.edu.my/id/eprint/22136/1/ABS_SALAHEDDIN%20ALASHEG%20TDRA%20VOL%2014%20IGS%2018.pdf
http://ir.uitm.edu.my/id/eprint/22136/
_version_ 1685649561078464512
score 13.211869

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