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Pre-Requisites For Effective Integration Of Zakah Into Mainstream Islamic Financial System In Malaysia



    (Director for the IIUM Institute of Islamic Banking and Finance)


As factors of effectiveness of zakah institutions, this paper discusses the importance of a) objective and fair measure of zakah on business wealth, b) standardizing zakah accounting practices and c) developing performance measure system. The reference context is Malaysia. However, the discussion is of general relevance in formulating policies to integrate zakah in Macro-economic systems effectively.

Suggested Citation

  • Abdul Rahman, Abdul Rahim, 2007. "Pre-Requisites For Effective Integration Of Zakah Into Mainstream Islamic Financial System In Malaysia," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 14, pages 92-107.
  • Handle: RePEc:ris:isecst:0058

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    References listed on IDEAS

    1. Monzer Kahf, 1997. "Potential Effects Of Zakat On Government Budget," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 5(1), pages 67-85, June.
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    Cited by:

    1. Nur Barizah Abu Bakar & Abdul Rahim Abdul Rahman, 2007. "A Comparative Study of Zakah and Modern Taxation الزكاة والضرائب المعاصرة: دراسة مقارنة," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 20(1), pages 25-40, January.

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