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

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.

[img]
Preview
Text (ABSTRACT ONLY)
ABS_SALAHEDDIN ALASHEG TDRA VOL 14 IGS 18.pdf - Submitted Version

Download (5MB) | Preview

Abstract

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…

Item Type: Book Section
Creators:
CreatorsID Num.
Alasheg, SalaheddinUNSPECIFIED
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Islam and economics
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Alms (Zakat)
H Social Sciences > HG Finance > Banking
Divisions: Institut Pengajian Siswazah (IPSis) : Institute of Graduate Studies (IGS)
Series Name: IGS Biannual Publication
Volume: 14
Item ID: 22136
Uncontrolled Keywords: Abstract; Abstract of thesis; Newsletter; Research information; Doctoral graduates; IPSis; IGS; UiTM;
Last Modified: 11 Jan 2019 07:23
Depositing User: Staf Pendigitalan 7
URI: http://ir.uitm.edu.my/id/eprint/22136

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year