Analysis of Gold Zakat Implementation at Lembaga Zakat Selangor

Assoc. Prof. Dr. Azri Bin Bhari, Dr. Nik Airin Aqmar Binti Nik Azhar, Assoc. Prof. Dr. Mohd Ashrof Zaki Bin Yaakob, Dr. Mohd Faiz Mohamed Bin Yusof, Dr. Mohd Yusra Bin Abdullah, Mr. Mohammad Mahyuddin Bin Khalid, Dr. Nurulaina Saidin, Intan Nurrachmi and Nurulaneeyamirah Razali
Additional contact information
Assoc. Prof. Dr. Azri Bin Bhari: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM)
Dr. Nik Airin Aqmar Binti Nik Azhar: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM)
Assoc. Prof. Dr. Mohd Ashrof Zaki Bin Yaakob: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM)
Dr. Mohd Faiz Mohamed Bin Yusof: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM)
Dr. Mohd Yusra Bin Abdullah: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM)
Mr. Mohammad Mahyuddin Bin Khalid: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM)
Dr. Nurulaina Saidin: Academy of Contemporary Islamic Studies (ACIS), Universiti Teknologi MARA (UiTM)
Intan Nurrachmi: Faculty of Sharia, Sharia Economic Law, Islamic University of Bandung
Nurulaneeyamirah Razali: Lembaga Zakat Selangor (LZS), 40100 Shah Alam, Selangor

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 11, 1825-1833

Abstract: Gold is a high-value asset that plays a crucial role in the economic system and wealth development of the Muslim community. In addition to functioning as a medium of exchange and ornamentation, gold has increasingly become a significant investment instrument through physical ownership such as bars and coins, as well as digital gold investment accounts. The evolving functions of gold necessitate a reassessment of the understanding and implementation of gold zakat to ensure conformity with fiqh principles and contemporary realities. This article aims to analyse the concept of gold zakat based on the discussions of the four major mazhab (school of thought) and contemporary scholars, and to examine the implementation and governance of gold zakat at Lembaga Zakat Selangor (LZS) as a leading zakat institution in Malaysia. This study adopts a qualitative research design through document analysis, specifically examining the Fatwa on Zakat Collection Management System (Amendment 2022) and operational data from LZS. The data were analysed using inductive and comparative approaches to assess the consistency between Shariah principles and institutional implementation. The findings indicate that LZS adheres to four fundamental collection principles: immediacy (fauriyyah), prevention of double taxation, and the classification of gold as a growth asset (al-namÄ '). Furthermore, the study critically evaluates LZS's approach to contemporary issues, specifically the taxation of the principal amount in non-Shariah-compliant digital gold investments. Overall, LZS demonstrates its capacity to align Shariah obligations with modern economic realities, thereby strengthening the zakat system as an instrument of social justice and sustainable development of the Muslim ummah.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rsisinternational.org/journals/ijriss/ ... -1833-202512_pdf.pdf (application/pdf)
https://www.rsisinternational.org/journals/ijriss/ ... baga-zakat-selangor/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:9:y:2025:i:11:p:1825-1833

Access Statistics for this article

International Journal of Research and Innovation in Social Science is currently edited by Dr. Nidhi Malhan

More articles in International Journal of Research and Innovation in Social Science from International Journal of Research and Innovation in Social Science (IJRISS)
Bibliographic data for series maintained by Dr. Pawan Verma ().