Zakah on shares: Theory and reality in Malaysia

Rosele, M.I. and Haji Abdullah, L. and Ali, A.K. (2017) Zakah on shares: Theory and reality in Malaysia. In: 285th International Conference on Social Science and Economics (ICSSE 2017), 12-13 October 2017, Jakarta, Indonesia.

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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 its establishment and development in the classical fiqh discourse. Muslim individual and Muslimoperated companies has 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.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Conference Paper
Uncontrolled Keywords: Share; Zakah; Islamic economy; Calculation method; Fiqh
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc
H Social Sciences > HC Economic History and Conditions
Divisions: Academy of Islamic Studies > Dept of Fiqh & Usul
Depositing User: Mr. Mohd Safri
Date Deposited: 23 Oct 2017 07:41
Last Modified: 23 Oct 2017 07:41

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