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Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio

Zakat is a significant tool in economic growth whereby zakat acts as poverty eradication instrument, income redistributive device and a stabilization mechanism. Zakat is also recognized as a pioneer instrument of the world welfare system in human history. Zakat institutions play an important role as...

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Main Authors: Khairi, Nur Zehan, Mohd Noor, Abd Halim, Mohammad Amio, Nor Azizah
Format: Book Section
Language:English
Published: Division of Research and Industry Linkages, UiTM Melaka 2014
Subjects:
Islam and economics
Alms (Zakat)
Malaysia
Online Access:https://ir.uitm.edu.my/id/eprint/54415/1/54415.pdf
https://ir.uitm.edu.my/id/eprint/54415/
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spelling my.uitm.ir.544152022-03-12T15:16:28Z https://ir.uitm.edu.my/id/eprint/54415/ Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio Khairi, Nur Zehan Mohd Noor, Abd Halim Mohammad Amio, Nor Azizah Islam and economics Alms (Zakat) Malaysia Zakat is a significant tool in economic growth whereby zakat acts as poverty eradication instrument, income redistributive device and a stabilization mechanism. Zakat is also recognized as a pioneer instrument of the world welfare system in human history. Zakat institutions play an important role as a supplement to the government's effort in eradicating poverty. Despite its significant role in the economy, zakat institutions in Malaysia have not reached its full potential yet. Zakat institutions have undergone several developments to improve its performance among them through corporatization of collection and distribution units. This contributes to the integration of zakat into the mainstream economy. This study presents the development of zakat institutions and identifies various phases of its integration into the economy. Despite the development, more effort are needed to improve the efficiency of zakat institutions. Division of Research and Industry Linkages, UiTM Melaka 2014 Book Section PeerReviewed text en https://ir.uitm.edu.my/id/eprint/54415/1/54415.pdf ID54415 Khairi, Nur Zehan and Mohd Noor, Abd Halim and Mohammad Amio, Nor Azizah (2014) Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio. In: International Conference on Islamic Business, Art, Culture & Communication (ICIBACC 2014). Division of Research and Industry Linkages, UiTM Melaka, Alor Gajah, p. 61.
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)
Malaysia
spellingShingle Islam and economics
Alms (Zakat)
Malaysia
Khairi, Nur Zehan
Mohd Noor, Abd Halim
Mohammad Amio, Nor Azizah
Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio
description Zakat is a significant tool in economic growth whereby zakat acts as poverty eradication instrument, income redistributive device and a stabilization mechanism. Zakat is also recognized as a pioneer instrument of the world welfare system in human history. Zakat institutions play an important role as a supplement to the government's effort in eradicating poverty. Despite its significant role in the economy, zakat institutions in Malaysia have not reached its full potential yet. Zakat institutions have undergone several developments to improve its performance among them through corporatization of collection and distribution units. This contributes to the integration of zakat into the mainstream economy. This study presents the development of zakat institutions and identifies various phases of its integration into the economy. Despite the development, more effort are needed to improve the efficiency of zakat institutions.
format Book Section
author Khairi, Nur Zehan
Mohd Noor, Abd Halim
Mohammad Amio, Nor Azizah
author_facet Khairi, Nur Zehan
Mohd Noor, Abd Halim
Mohammad Amio, Nor Azizah
author_sort Khairi, Nur Zehan
title Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio
title_short Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio
title_full Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio
title_fullStr Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio
title_full_unstemmed Integrating zakat institutions into the mainstream economy: evidence from Malaysia / Nur Zehan Khairi, Abd Halim Mohd Noor and Nor Azizah Mohammad Amio
title_sort integrating zakat institutions into the mainstream economy: evidence from malaysia / nur zehan khairi, abd halim mohd noor and nor azizah mohammad amio
publisher Division of Research and Industry Linkages, UiTM Melaka
publishDate 2014
url https://ir.uitm.edu.my/id/eprint/54415/1/54415.pdf
https://ir.uitm.edu.my/id/eprint/54415/
_version_ 1728054767234580480
score 13.211869

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