International Journal of Academic Research in Business and Social Sciences

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Indicators of Business Zakat amongst Small Business: Concept and Contemporary Needs

Open access

Mohd. Syukri Mohd. Noor, Norazmi Anas, Shahril Nizam Zulkipli, Azri Bhari, Nurul Hidayah Aziz, Mohd Afandi Mat Rani, Salina Mad

Pages 1142-1157 Received: 30 Nov, -0001 Revised: 30 Nov, -0001 Published Online: 07 Sep, 2017

http://dx.doi.org/10.46886/IJARBSS/v7-i6/3198
Consciousness regarding the importance of performing the obligation of paying zakat (alms) among small businesses is merely 30 percent who appeared to fulfill those responsibilities, while the rest may not even know the requirements. This paper aims to reveal the concepts and methods of business zakat, paid by eligible small businesses. In addition, discussion on the current needs of indicator survey of zakat business disbursement in order to improve the business zakat collection. Accordingly, recipients of zakat i.e. the poor and needy can be assisted thru enlargement collection of zakat revenue and aligned to the 4th Malaysian government's policies of National Key Result Areas (NKRA); improving living standard of low income households. Hence, social responsibility among Muslims towards each other via zakat; consistent with the requirements of Islamic law.