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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_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_Islamic_wealth_management_wealth_effects_ziyaad.pdf.jpg
  • Newsletter & Bulletin

  • Zakat, Islamic wealth management & wealth effects

    • Authors: Mahomed, Ziyaad (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 1207 to 1210 of 1210
  • 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_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_Islamic_wealth_management_wealth_effects_ziyaad.pdf.jpg
  • Newsletter & Bulletin

  • Zakat, Islamic wealth management & wealth effects

    • Authors: Mahomed, Ziyaad (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).