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  • zakah_salary_EPF_issues_challenges_magda_ahcene_ezamshah.pdf.jpg
  • Journal Article

  • Zakah from salary and EPF: issues and challenges

    • Authors: Ismail Abdel Mohsin, Magda; Lahsasna, Ahcene; Ismail, Ezamshah (2011)

  • The beginning of the 1980's witness a new approach of collecting zakah on monthly bases in some of the Muslim countries such as Sudan, Pakistan and Malaysia. At first, this creates an ambiguous situation amongst Muslim scholars as to its legitimacy, since the payment of zakah is known to be given on annual bases and once it reaches the nisab (the minimum assigned). Recently, a consensus has been given amongst contemporary Muslim scholars that it is lawful to pay the zakah on monthly basis. Malaysia is one of the countries that start implementing zakah deduction on monthly basis through participating in a scheme called the Salary Deduction Scheme. This raises the question on some of th...
  • zakah_social_financial_institutions_just_equitable_distribution_wealth.pdf.jpg
  • Academic Presentation

  • Zakah: a social financial institution for just and equitable distribution of wealth (successful cases from the past and the present)

    • Authors: Ismail Abdel Mohsin, Magda (2017)

  • The slides highlight: 1) to show how the institution of zakah, which is one of the socio-financial institutions, can collect huge amount of funds to be redistributed to the less fortunate and hence not only narrowing the gap between the rich and the poor but eradicating poverty on annual basis while eliminating riba from Muslim society; 2) current scenario poverty in Muslim countries; 3) current situation of zakah in Muslim countries; 4) current successful cases in Sudan and Malaysia.
  • Zakat_women_from_receiver_to_givers_Aishath.pdf.jpg
  • Industry Article

  • Zakat & women: from receiver to givers

    • Authors: Muneeza, Aishath (2021)

  • Zakat is the third pillar of Islam. Zakat received from eligible persons is paid to the legal recipients of it, as mentioned in the Qu'ran (9:60). The legal recipients of zakat are of eight categories and there is no priority given to a specific gender. As long as the person falls within any category of the 'legal recipient' irrespective of gender, the person is eligible to receive zakat. Against this backdrop, this article focuses on how zakat could be used to empower women who are eligible to receive it.
  • Power_alleviating_poverty_Magda.pdf.jpg
  • Industry Article

  • Zakat - the power of alleviating poverty

    • Authors: Ismail Abdel Mohsin, Magda (2020)

  • The recent statistical data on poverty shows that most of the people who live below the poverty line are found in Muslim countries. For example, the total population who are living below poverty line in Algeria is 25%, in Egypt 25.2%, in Bangladesh 26%, in Syria 35.2%, in Afghanistan 35.8%, in Pakistan 36.3%, in Nigeria 46%, in Sudan 46.5%, in Chad 46.7%, in Senegal 46.7%, in Yemen 54% and in Somalia 73%. Some scholars relate this poverty to the oppression, humiliation and bad policies which had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others relate this to the incompetence and the corruption on the part of their govern...
  • zakat_funds_moratorium_Maldives_aishath.pdf.jpg
  • Industry Article

  • Zakat funds and moratorium in the Maldives

    • Authors: Muneeza, Aishath (2020)

  • On the 22nd April 2020, the Ministry of Islamic Affairs of the Republic of Maldives announced that MVR1 million (US$63,895.8) will be allocated from Zakat funds to be given to the needy and poor aff ected by COVID-19. According to the World Bank, the Maldives is a middle-income country with GDP per capita of US$10,331 (2018). The Ministry of Gender and Family will receive the MVR1 million to help those affected. Before this, about MVR3 million (US$191,687) was spent by the Ministry of Islamic Affairs for Maldivians stranded in other countries due to lockdowns.
  • Zakat_in_Islamic_wealth_management_ziyaad.jpg.jpg
  • Chapter in Book

  • Zakat in Islamic wealth management

    • Authors: Mahomed, Ziyaad (2017)

  • The common understanding of investments is to manage wealth such that there is wealth increase with rare losses of the starting value to compensate wealth holders (i) against inflation via risk-free return and (ii) plus a risk premium for the risk of the investment. It thus has the twin objectives of growth in wealth and preservation of wealth. This is achieved by means of a planned strategy that defines the goals of the investor. Wealth management includes the following: to achieve maximum growth with minimal risk (or maximum growth for a target level of risk); to manage risk as far as is possible to minimise taxation and other costs to receive a consistent income; to have a consiste...
  • Zakat_in_the_stans_Ziyaad.pdf.jpg
  • Newsletter & Bulletin

  • Zakat in the 'stans': a review of the Kazakh and Uzbek zakat model

    • Authors: Ziyaad Mahomed (2021)

  • Central Asian nations have been independent for almost three decades since the collapse of the Soviet Union in 1991. Colloquially known as the 'stans', these Muslim-majority nations (more than 85% Muslim) include Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan with a collective population of approximately 72 million. Religious practices are slowly emerging after decades of religious censorship, with at least a generation having lived under Soviet socialism. Economically, these Central Asian countries have suffered setbacks from the COVID-19 shock, emanating from an over-reliance on commodities such as oil revenue, migrant labour, low levels of diversification and inef...
  • Zakat_Islamic_wealth_management_wealth_effects_ziyaad.pdf.jpg
  • Newsletter & Bulletin

  • Zakat, Islamic wealth management & wealth effects

    • Authors: Ziyaad Mahomed (2016)

  • The purification of wealth through charity is considered a significant part of the trusteeship of wealth or wealth management. In the Quranic verses 17:26-27 & 29-30, Almighty Allah clarifies the right that the deserving and the needy have over the wealth entrusted to man, further instructing that these rights be fulfilled as a financial obligation. For example, hoarding excessive wealth (wealth that is not invested) is actually irrational as zakat is charged on all financial and real assets, resulting in a negative rate of return (zakat rate) Al-Jarhi (1985).

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Browsing by Title

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1480 to 1487 of 1487
  • zakah_salary_EPF_issues_challenges_magda_ahcene_ezamshah.pdf.jpg
  • Journal Article

  • Zakah from salary and EPF: issues and challenges

    • Authors: Ismail Abdel Mohsin, Magda; Lahsasna, Ahcene; Ismail, Ezamshah (2011)

  • The beginning of the 1980's witness a new approach of collecting zakah on monthly bases in some of the Muslim countries such as Sudan, Pakistan and Malaysia. At first, this creates an ambiguous situation amongst Muslim scholars as to its legitimacy, since the payment of zakah is known to be given on annual bases and once it reaches the nisab (the minimum assigned). Recently, a consensus has been given amongst contemporary Muslim scholars that it is lawful to pay the zakah on monthly basis. Malaysia is one of the countries that start implementing zakah deduction on monthly basis through participating in a scheme called the Salary Deduction Scheme. This raises the question on some of th...
  • zakah_social_financial_institutions_just_equitable_distribution_wealth.pdf.jpg
  • Academic Presentation

  • Zakah: a social financial institution for just and equitable distribution of wealth (successful cases from the past and the present)

    • Authors: Ismail Abdel Mohsin, Magda (2017)

  • The slides highlight: 1) to show how the institution of zakah, which is one of the socio-financial institutions, can collect huge amount of funds to be redistributed to the less fortunate and hence not only narrowing the gap between the rich and the poor but eradicating poverty on annual basis while eliminating riba from Muslim society; 2) current scenario poverty in Muslim countries; 3) current situation of zakah in Muslim countries; 4) current successful cases in Sudan and Malaysia.
  • Zakat_women_from_receiver_to_givers_Aishath.pdf.jpg
  • Industry Article

  • Zakat & women: from receiver to givers

    • Authors: Muneeza, Aishath (2021)

  • Zakat is the third pillar of Islam. Zakat received from eligible persons is paid to the legal recipients of it, as mentioned in the Qu'ran (9:60). The legal recipients of zakat are of eight categories and there is no priority given to a specific gender. As long as the person falls within any category of the 'legal recipient' irrespective of gender, the person is eligible to receive zakat. Against this backdrop, this article focuses on how zakat could be used to empower women who are eligible to receive it.
  • Power_alleviating_poverty_Magda.pdf.jpg
  • Industry Article

  • Zakat - the power of alleviating poverty

    • Authors: Ismail Abdel Mohsin, Magda (2020)

  • The recent statistical data on poverty shows that most of the people who live below the poverty line are found in Muslim countries. For example, the total population who are living below poverty line in Algeria is 25%, in Egypt 25.2%, in Bangladesh 26%, in Syria 35.2%, in Afghanistan 35.8%, in Pakistan 36.3%, in Nigeria 46%, in Sudan 46.5%, in Chad 46.7%, in Senegal 46.7%, in Yemen 54% and in Somalia 73%. Some scholars relate this poverty to the oppression, humiliation and bad policies which had been imposed in almost all Muslim countries during colonization and have continued up to the present time. Others relate this to the incompetence and the corruption on the part of their govern...
  • zakat_funds_moratorium_Maldives_aishath.pdf.jpg
  • Industry Article

  • Zakat funds and moratorium in the Maldives

    • Authors: Muneeza, Aishath (2020)

  • On the 22nd April 2020, the Ministry of Islamic Affairs of the Republic of Maldives announced that MVR1 million (US$63,895.8) will be allocated from Zakat funds to be given to the needy and poor aff ected by COVID-19. According to the World Bank, the Maldives is a middle-income country with GDP per capita of US$10,331 (2018). The Ministry of Gender and Family will receive the MVR1 million to help those affected. Before this, about MVR3 million (US$191,687) was spent by the Ministry of Islamic Affairs for Maldivians stranded in other countries due to lockdowns.
  • Zakat_in_Islamic_wealth_management_ziyaad.jpg.jpg
  • Chapter in Book

  • Zakat in Islamic wealth management

    • Authors: Mahomed, Ziyaad (2017)

  • The common understanding of investments is to manage wealth such that there is wealth increase with rare losses of the starting value to compensate wealth holders (i) against inflation via risk-free return and (ii) plus a risk premium for the risk of the investment. It thus has the twin objectives of growth in wealth and preservation of wealth. This is achieved by means of a planned strategy that defines the goals of the investor. Wealth management includes the following: to achieve maximum growth with minimal risk (or maximum growth for a target level of risk); to manage risk as far as is possible to minimise taxation and other costs to receive a consistent income; to have a consiste...
  • Zakat_in_the_stans_Ziyaad.pdf.jpg
  • Newsletter & Bulletin

  • Zakat in the 'stans': a review of the Kazakh and Uzbek zakat model

    • Authors: Ziyaad Mahomed (2021)

  • Central Asian nations have been independent for almost three decades since the collapse of the Soviet Union in 1991. Colloquially known as the 'stans', these Muslim-majority nations (more than 85% Muslim) include Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan with a collective population of approximately 72 million. Religious practices are slowly emerging after decades of religious censorship, with at least a generation having lived under Soviet socialism. Economically, these Central Asian countries have suffered setbacks from the COVID-19 shock, emanating from an over-reliance on commodities such as oil revenue, migrant labour, low levels of diversification and inef...
  • Zakat_Islamic_wealth_management_wealth_effects_ziyaad.pdf.jpg
  • Newsletter & Bulletin

  • Zakat, Islamic wealth management & wealth effects

    • Authors: Ziyaad Mahomed (2016)

  • The purification of wealth through charity is considered a significant part of the trusteeship of wealth or wealth management. In the Quranic verses 17:26-27 & 29-30, Almighty Allah clarifies the right that the deserving and the needy have over the wealth entrusted to man, further instructing that these rights be fulfilled as a financial obligation. For example, hoarding excessive wealth (wealth that is not invested) is actually irrational as zakat is charged on all financial and real assets, resulting in a negative rate of return (zakat rate) Al-Jarhi (1985).