Financial reporting in tabung masjid management driven by in Malaysia

Sarif, Suhaimi Mhd and Zakariyah, Luqman and Mohd Noor, Azman (2018) Financial reporting in tabung masjid management driven by in Malaysia. Islamic Quarterly, 62 (1). pp. 103-121. ISSN 0021-1842

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Abstract

Financial reporting is an essential document that reflects the financial strength and capability of organizations. As a public place of worship, mosques or masājid in Malaysia are fully governed by State Religious Departments. Any activity requires written consent from the State Religious Authority including Tabung Masjid. Tabung Masjid management of mosques is regulated by state religious administrative law. Conventional approaches require compliance in fund collection and management for Tabung Masjid would remain ideas only if not operating with contemporary methods. The study argues that the compliance approach is necessary at the operation level but not at the corporate level. A case study method on a few selected mosques found that the finance committee has no choice but to abide by the regulation. In the meantime, there is a need to use of an innovative way through specific fund raising to address social issues. The study recommends the Tabung Masjid collection and management to be used as creative way of increasing the value of the fund within the Sharī‛ah compliant spirit.

Item Type:	Article (Journal)
Additional Information:	3328/67620
Uncontrolled Keywords:	Financial reporting, Masjid management, Maqasid al-Shariah.
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP170.2 Benevolent work. Social work. Welfare work, etc B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173 Islamic sociology H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF) Kulliyyah of Economics and Management Sciences > Department of Business Administration Kulliyyah of Islamic Revealed Knowledge and Human Sciences Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User:	Dr Luqman Zakariyah
Date Deposited:	23 Nov 2018 08:41
Last Modified:	14 Jan 2019 16:16
URI:	http://irep.iium.edu.my/id/eprint/67620

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