A Zakat Accounting Standard (ZAS) for Malaysian companies

This paper focuses on the need to harmonize the practice of zakat on companies throughout Malaysia by implementing a zakat accounting standard (ZAS). The objectives of this paper are fourfold: (1) to highlight the current practice of zakat on companies in Malaysia; (2) dis...

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Bibliographic Details
Main Author:	Abu Bakar, Nur Barizah
Format:	Article
Language:	English
Published:	Association of Muslim Social Scientists 2007
Subjects:	HF5601 Accounting. Bookkeeping
Online Access:	http://irep.iium.edu.my/33857/ http://irep.iium.edu.my/33857/ http://irep.iium.edu.my/33857/1/A_Zakat_Accounting_Standard_%28ZAS%29_for_Malaysian_Companies.pdf

id	iium-33857
recordtype	eprints
spelling	iium-338572014-01-07T07:23:28Z http://irep.iium.edu.my/33857/ A Zakat Accounting Standard (ZAS) for Malaysian companies Abu Bakar, Nur Barizah HF5601 Accounting. Bookkeeping This paper focuses on the need to harmonize the practice of zakat on companies throughout Malaysia by implementing a zakat accounting standard (ZAS). The objectives of this paper are fourfold: (1) to highlight the current practice of zakat on companies in Malaysia; (2) discuss the usefulness of AAOIFI FAS 9, MASB FRS i-1, and MASB TR i-1 as guidelines for developing a ZAS; (3) suggest a collaboration by various parties designed to pool initiatives, knowledge, and skills to develop a useful and favorable ZAS; and (4) to demonstrate that without proper education and a strong political will, there is a little hope of making any ZAS a reality. Association of Muslim Social Scientists 2007 Article PeerReviewed application/pdf en http://irep.iium.edu.my/33857/1/A_Zakat_Accounting_Standard_%28ZAS%29_for_Malaysian_Companies.pdf Abu Bakar, Nur Barizah (2007) A Zakat Accounting Standard (ZAS) for Malaysian companies. American Journal of Islamic Social Sciences, 24 (4). pp. 74-92. ISSN 0742-6763 http://www.amss.org/AJISS/CurrentIssue.aspx
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF5601 Accounting. Bookkeeping
spellingShingle	HF5601 Accounting. Bookkeeping Abu Bakar, Nur Barizah A Zakat Accounting Standard (ZAS) for Malaysian companies
description	This paper focuses on the need to harmonize the practice of zakat on companies throughout Malaysia by implementing a zakat accounting standard (ZAS). The objectives of this paper are fourfold: (1) to highlight the current practice of zakat on companies in Malaysia; (2) discuss the usefulness of AAOIFI FAS 9, MASB FRS i-1, and MASB TR i-1 as guidelines for developing a ZAS; (3) suggest a collaboration by various parties designed to pool initiatives, knowledge, and skills to develop a useful and favorable ZAS; and (4) to demonstrate that without proper education and a strong political will, there is a little hope of making any ZAS a reality.
format	Article
author	Abu Bakar, Nur Barizah
author_facet	Abu Bakar, Nur Barizah
author_sort	Abu Bakar, Nur Barizah
title	A Zakat Accounting Standard (ZAS) for Malaysian companies
title_short	A Zakat Accounting Standard (ZAS) for Malaysian companies
title_full	A Zakat Accounting Standard (ZAS) for Malaysian companies
title_fullStr	A Zakat Accounting Standard (ZAS) for Malaysian companies
title_full_unstemmed	A Zakat Accounting Standard (ZAS) for Malaysian companies
title_sort	zakat accounting standard (zas) for malaysian companies
publisher	Association of Muslim Social Scientists
publishDate	2007
url	http://irep.iium.edu.my/33857/ http://irep.iium.edu.my/33857/ http://irep.iium.edu.my/33857/1/A_Zakat_Accounting_Standard_%28ZAS%29_for_Malaysian_Companies.pdf
first_indexed	2023-09-18T20:48:57Z
last_indexed	2023-09-18T20:48:57Z
_version_	1777409864130101248

A Zakat Accounting Standard (ZAS) for Malaysian companies

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