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The Practice of Zakat: An Empirical Examination of Four Gulf Countries

Author

Listed:
  • C. Guermat

    (Department of Economics, University of Exeter)

  • A.T. Al-Utaibi

    (College of Technology, Dammam, KSA.)

  • J.P. Tucker

    (Department of Economics, University of Exeter)

Abstract

As one of the cornerstones of Islamic economics, zakat has been given little attention in Islamic economics literature. Both theoretical and empirical studies are scarce, and thus this paper is an attempt to initiate discussion on the realities of the practice of zakat in the Muslim world. It is hoped that this will draw attention to the need to investigate the practice of zakat throughout the world. Some empirical results on a number of practical aspects of zakat are provided. The discussion is based on a collection of perception data from respondents in four Gulf Cooperation Council (GCC) countries regarding the evaluation, collection and payment of zakat.

Suggested Citation

  • C. Guermat & A.T. Al-Utaibi & J.P. Tucker, 2003. "The Practice of Zakat: An Empirical Examination of Four Gulf Countries," Discussion Papers 0302, University of Exeter, Department of Economics.
    • Handle: RePEc:exe:wpaper:0302
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    Citations

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    Cited by:

    1. Ahmad F. Oran, 2016. "A Conception to Activate Zakāh as an Islamic Mechanism for Human Development تصور لتفعيل الزكـاة كآلية إسلامية للتنمية البشرية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 29(3), pages 3-29, October.
    2. Mohammed B Yusoff, 2012. "Zakat Distribution and Growth in the Federal Territory of Malaysia," Journal of Economics and Behavioral Studies, AMH International, vol. 4(8), pages 449-456.
    3. Aysha N. Al-Salih, 2020. "The Role of Zakat in Establishing Social Welfare and Economic Sustainability: The Case of Saudi Arabia," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(6), pages 196-202, December.
    4. Abdulsalam Ahmed Sawmar & Mustafa Omar Mohammed, 2021. "How Governance Practices Influence Mandatory Zakah Payment in Saudi Arabia? كيف تُؤَثر مُمَارسات الحَوْكَمة في الدفع الإلزامي للزكاة في المملكة العربية السعودية؟," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 34(1), pages 3-24, January.
    5. Lakis Vaclovas & Baltušytė Daiva, 2017. "Islamic Banking as an Alternative to Banks in the Western Countries," Ekonomika (Economics), Sciendo, vol. 96(3), pages 73-89, January.
    6. Weber Christoph S. & Nickol Philipp, 2016. "More on Calendar Effects on Islamic Stock Markets," Review of Middle East Economics and Finance, De Gruyter, vol. 12(1), pages 65-113, April.

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