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Application of Zakat:From Classical and Contemporary Perspective

Author

Listed:
  • M Kabir Hassan

    (University of New Orleans, USA)

  • Magda Ismail Abdel Mohsin

    (INCEIF University, Malaysia)

  • Aishath Muneeza

    (INCEIF University, Malaysia)

Abstract

Zakat, being the third pillar of Islam, is an act of worship fulfilled by Muslims. As an obligatory means of alms- giving expected of Muslims, it also helps to alleviate poverty in society by assisting such individuals to achieve a state of financial independence. It is maintained by Muslims that the principles of zakat derived from the Sharia are expected to remain unchanged with passing time. However, in order to achieve efficiency in the administration of zakat, innovation and technology can be used even within the parameters of Sharia. The objective of this textbook is to provide the opportunity to learn the basics of zakat and its contemporary application by highlighting the innovative practices of zakat with issues and challenges.

Suggested Citation

  • M Kabir Hassan & Magda Ismail Abdel Mohsin & Aishath Muneeza, 2024. "Application of Zakat:From Classical and Contemporary Perspective," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 13406.
    • Handle: RePEc:wsi:wsbook:13406
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/13406
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    More about this item

    Keywords

    Islamic Social Finance; Zakat; Alms; Islamic Finance; Islamic Banking: Shariah Law;
    All these keywords.

    JEL classification:

    • P46 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty

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