Zakat Investment in Shariah

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dc.contributor.author Gafoordeen, N.
dc.contributor.author Nayeem, Mohamed Mohideen
dc.contributor.author Aslam, Abusulaim Mohamed
dc.date.accessioned 2017-04-28T12:36:24Z
dc.date.available 2017-04-28T12:36:24Z
dc.date.issued 2016
dc.identifier.citation International Business Management, Year: 2016, Volume: 10,| Issue: 12, Page No.: 2398-2401 en_US
dc.identifier.uri URL: http://medwelljournals.com/abstract/?doi=ibm.2016.2398.2401
dc.identifier.uri http://archive.cmb.ac.lk:8080/xmlui/handle/70130/4489
dc.description.abstract Zakat is an obligatory payment and the idea of zakat investment was initiated by the belief that providing the poor and needy with a non-substantial amount of fund that is mostly used to pay for their expenditure is not enough to undertake poverty. Muslim intellectuals suggested a long-term measure involving the investment of zakat that not only complement the poor with a stream of income that is more consistent and continuous but also provide a source of income to fund overall Muslim economic development. However, Muslim intellectuals found that investment of zakat may make the payment legally vulnerable from the Shariah (Islamic law) point of view. Thus, many fatwas and views have been expressed by the Muslim intellectuals as guidelines to ensure that the investment activities conform to Shariah. This study examines contemporary intellectuals’ viewpoints of zakat investment. en_US
dc.language.iso en en_US
dc.subject Zakat Investment in Shariah en_US
dc.title Zakat Investment in Shariah en_US
dc.type Article en_US


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