Zakah on shares: Theory and reality in Malaysia / Muhammad Ikhlas Rosele and Luqman Haji Abdullah

Rosele, Muhammad Ikhlas and Haji Abdullah, Luqman (2018) Zakah on shares: Theory and reality in Malaysia / Muhammad Ikhlas Rosele and Luqman Haji Abdullah. Journal of Emerging Economies & Islamic Research, 6 (2). pp. 1-10. ISSN 2289-2559

Abstract

Zakah (Islamic almsgiving) on shares are generally mentioned indirectly in classical fiqh books. This is due to the fact that the practice of shares is relatively new in classical Islamic jurisprudence literature. However, the basis of the debate on shares can be traced to its establishment and development in the classical fiqh discourse. Muslim individual and Muslim-operated companies have been involved in investment and share-trading, thus creating the debate of zakah on shares in Malaysia. Therefore, the objective of this study is to highlight the discussion of zakah on shares based on the reality in Malaysia. The focus of the debate will touch the aspects of legal shares, fiqh of zakah and its method of calculation.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Rosele, Muhammad Ikhlas
UNSPECIFIED
Haji Abdullah, Luqman
UNSPECIFIED
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Alms (Zakat)
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Alms (Zakat) > Malaysia
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: 2289-2559
Volume: 6
Number: 2
Page Range: pp. 1-10
Keywords: Share, Zakah on shares, Calculation method, Fiqh
Date: May 2018
URI: https://ir.uitm.edu.my/id/eprint/32255
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ID Number

32255

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