Islamic Economic Studies · 2007 · 41 citations · 0 references
Open access
BusinessAccountancyAccountingAccounting TheoryFinancial AccountingFinancial EconomicsAccounting Policy AnalysisAccounting PrinciplesFinancial ReportingFinancial Reporting SystemsFinancial StatementsIncome MeasurementIslamic Accounting StandardsMacro Systems
As factors of effectiveness of zakah institutions, this paper discusses the importance of a) objective and fair measure of zakah on business wealth, b) standardizing zakah accounting practices and c) developing performance measure system. The reference context is Malaysia. However, the discussion is of general relevance in formulating policies to integrate zakah in Macro-economic systems effectively.