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The practice of Islamic bank in zakat distribution: the case of Malaysia

Hassan, Rusni and M A Zaaba, Nurul 'Iffah (2021) The practice of Islamic bank in zakat distribution: the case of Malaysia. In: The International Conference on Business and Technology (ICBT 2021), 6-7 November 2020, Istanbul, Turkey. (Unpublished)

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Abstract. Islamic banks have been bombarded with the accusations being the same with its conventional sides. Consequently, the public are not con-vinced with the title ‘Islamic’ that Islamic banks have been carrying. De-spite a growing literature on the reporting practices of Islamic banks, there is a need of research on the role of Islamic banks in zakat distribution. This descriptive, content analysis examined the annual reports and financial statements of Islamic banks to explore information that can be found in these documents. Documents from year 2018 until year 2020 was searched using their individual website and downloaded. Results indicated that Is-lamic banks do not disclose much information on zakat distribution, since it considered as voluntary disclosure. Annual reports and financial state-ments are means of corporate communicate o the public. Thus, disclosing such information is recommended.

Item Type: Conference or Workshop Item (Plenary Papers)
Uncontrolled Keywords: : Islamic Banks, Zakat Distribution, Annual Reports, Financial Statements.
Subjects: H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Prof Dr Rusni Hassan
Date Deposited: 15 Dec 2021 15:23
Last Modified: 15 Dec 2021 15:23
URI: http://irep.iium.edu.my/id/eprint/93562

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