Research Article
Zakat Construction for Manufacturing Companies: Accounting and Sharia Perspectives
@INPROCEEDINGS{10.4108/eai.27-8-2020.2303283, author={Muhammad Jafar Shodiq and Muchamad Coirun Nizar and Hasyaniza Yahya and Osmad Muthaher}, title={Zakat Construction for Manufacturing Companies: Accounting and Sharia Perspectives}, proceedings={Proceedings of the 1st International Conference on Islamic Civilization, ICIC 2020, 27th August 2020, Semarang, Indonesia}, publisher={EAI}, proceedings_a={ICIC}, year={2020}, month={12}, keywords={zakat company sharia perspective accounting perspective business entity}, doi={10.4108/eai.27-8-2020.2303283} }- Muhammad Jafar Shodiq
Muchamad Coirun Nizar
Hasyaniza Yahya
Osmad Muthaher
Year: 2020
Zakat Construction for Manufacturing Companies: Accounting and Sharia Perspectives
ICIC
EAI
DOI: 10.4108/eai.27-8-2020.2303283
Abstract
Zakat is an obligation for every Muslim who meets certain conditions, by setting aside part of the wealth with a certain amount, and is given to the recipient of zakat which fulfills certain conditions as well. Zakat is a personal obligation, not an institutional obligation like a business entity. Meanwhile, from an accounting perspective, the owner of the company is a separate part of the business entity. Therefore, the problem is, can the zakat calculated from the company's net assets be used as a proxy for the zakat of the company owner? If in sharia perspective, corporate zakat can be used as a substitute for zakat for the owner, how is the recognition and reporting of zakat from an accounting perspective? This article is unique because during this time research on zakat is often related to zakat management organization, and does not touch on the legal construction aspect of zakat company.
