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Zakat calculation software for corporate entities

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dc.contributor.authorMezbah Uddin Ahmed
dc.contributor.authorNoor Suhaida Kasri
dc.date.accessioned2021-10-28T03:50:52Z
dc.date.available2021-10-28T03:50:52Z
dc.date.issued2021
dc.description.abstractEnsuring socio-economic justice, eradication of poverty and equitable distribution of wealth are among the primary objectives of Islam. Even so, a significant number of Muslims around the world are deprived of their basic needs. The scenario only worsens in times of financial and political turbulence. There is a desperate need to find sources of funding to rescue people from their miseries and offer sustainable solutions. Zakat has great potential to meet the funding needs. This chapter argues that zakat contributions will be amplified if corporate entities pay zakat as legal persons or on behalf of their Muslim shareholders. This chapter proposes development of a zakat calculation software to facilitate corporate entities and Islamic financial institutions calculating their zakat obligations reliably. Development of such software requires Islamic finance research entities to team up with information technology experts. Prominent Shariah scholars will play the essential role of validating and endorsing the Shariah compliance of the software.en_US
dc.identifier.citationAhmed, Mezbah Uddin and Kasri, Noor Suhaida. (2021). Zakat calculation software for corporate entities. In Mohd Ma'Sum Billah (Ed.), Islamic fintech: insights and solutions (pp. 319-333). Cham, Switzerland: Palgrave Macmillan.en_US
dc.identifier.isbn9783030458263 (print)
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3467
dc.languageEnglish
dc.language.isoenen_US
dc.publisherPalgrave Macmillanen_US
dc.rights2021. Palgrave Macmillan
dc.sourceSEDONA
dc.subjectZakaten_US
dc.subjectCorporatesen_US
dc.subjectIFIsen_US
dc.subjectAccountingen_US
dc.subjectIFRSen_US
dc.subjectTechnologyen_US
dc.subjectFintechen_US
dc.titleZakat calculation software for corporate entitiesen_US
dc.typeChapter in Booken_US
dlc.maintopicIslamic wealth managementen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic wealth managementen_US
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relation.isAuthorOfPublication.latestForDiscovery70b2ed9e-0e3e-42a1-81bb-e0777cd1f129
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