Productive Zakat Distribution by Zakat Institutions in Malaysia

Izatul Akmar binti Ismail and Muhammad Nasri bin Hussain

International Journal of Academic Research in Business and Social Sciences, 2017, vol. 7, issue 3, 554-565

Abstract: Zakat is one of the five pillars of Islam. The significance of zakat is largely attributed to its effectiveness as a distribution tool in the process of wealth circulation and social security. Therefore, effective management and distribution of zakat funds is very important to improve quality of life and alleviate poverty of recipients. Many initiatives that have been done by zakat institutions to distribute zakat fund to asnaf. The initiatives include distribution of zakat funds productively and unproductive. Unproductive method that has been used before is a direct distribution of fund to asnaf. Recently, zakat institution has transformed the unproductive method to productive method. One of productive method is giving zakat fund to potential asnaf in the form of business capital, business tools, business financing and working salary. Each state in Malaysia has its own strategies in the productive zakat distribution to eligible recipients. Therefore, this study describes the productive zakat distribution by zakat institutions in Malaysia. The data obtained from the website of each zakat institution, zakat report, the annual report and previous studies were analyzed using content analysis method to describe management of zakat productive in Malaysia.

Keywords: Zakat; Zakat Management; Zakat Distribution; Productive Zakat; Entrepreneurship (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hrmars.com/hrmars_papers/Productive_Zakat_D ... ions_in_Malaysia.pdf (application/pdf)
http://hrmars.com/hrmars_papers/Productive_Zakat_D ... ions_in_Malaysia.pdf (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:hur:ijarbs:v:7:y:2017:i:3:p:554-565

Access Statistics for this article

More articles in International Journal of Academic Research in Business and Social Sciences from Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences
Bibliographic data for series maintained by Hassan Danial Aslam ().