Zakat Accounting

Zakat Accounting

INTERNATIONAL ISLAMIC UNIVERSITY OF MALAYSIA

KULIYYAH OF ECONOMICS & MANAGEMENT SCIENCES (KENMS)
DEPARTMENT OF ACCOUNTING

ACC 4563: ZAKAT ACCOUNTING

THE PRIORITY OF DISTRIBUTING THE ZAKAT AMOUNT TO THE EIGHT BENEFICIARIES BASED ON FOUR PHASES (4 FASA)

Lecturer’s Name:
ASSOC. PROF. DR. SITI NORMALA SHEIKH OBID

Prepared By:
ABDUL HADI BIN MOHAMAD, 0813783
MUHAMMAD AZFAR BIN KAMAR RUDDIN, 0811067
MOHD. ZAE’EM KHAN BIN MOHAMAD AZLAN, 0621747

Section No:
1

ABSTRACT
This paper aims to study the distribution of zakat during the Prophet, companion, khalifah and contemporary time, and examine the priority among eight asnaf in distributing the zakat amount. The study was conducted by analyzing secondary data including books, journal, and article. The study revealed that effective and efficient of zakat administration including method and ways of distribution of zakat become important indicator on the successful Islamic era. Misused of zakat fund had leaded previous khalifah reign stumble.
(Keyword: Prophet, khalifah, companion, contemporary time, zakat administration, eight asnaf)

TABLE OF CONTENTS


CONTENT | PAGE |
Chapter 1: Introduction | |
1.1 Study of Background | |
1.2 Research Questions | |
1.3 Research Objectives | |
Chapter 2: Literature Review | |
Chapter 3: Methodology | |
Chapter 4: Findings and Discussions | |
Chapter 5: Conclusion | |
5.1 Summary and Implications | |
5.2 Limitations | |
References | |

CHAPTER 1
INTRODUCTION
1.1 STUDY BACKGROUND
Zakat literally means growth and purification. According to Nur Barizah (2011), zakat can be defined as the amount of money or kind taken from specific types of wealth when they reach a specific amount at a specific time which must be spent on specific categories in specific ways.
Zakat is very importance in Islamic teaching. It is commonly understood that zakat is one of the five Islamic pillars of Islam which is the third pillars...

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