...Pg Mohd Faezul Fikri Ag Omar; Haneffa Muchlis Gazali; Mohd. Nasir Samsulbahri; Nurul Izzati Abd Razak; Norhamiza Ishak Purpose The purpose of this paper is to deliberate on the establishment of zakat (Islamic alms) on oil and gas in Malaysia. Being one of the five Islamic pillars, zakat...

.... Practical implications The paper considers a profit rate benchmark irrelevant and inefficient. Instead, it suggests the necessary adjustments in terms of business model and economic approach for IFIs to achieve their objectives. Social implications The paper considers zakat implementation...

...Mahadi Ahmad Purpose The purpose of this paper is to unearth the factors inhibiting the development of zakat (the Islamic obligatory alms) and waqf (endowment) institutions in Northern Nigeria, with the aim of proffering appropriate solutions. Design/methodology/approach This paper uses...

..., associating with for-profit and non-profit organizations in developing social and economic welfare. An Islamic social finance ecosystem has its specific instruments in terms of funding and investment that are in line with Sharīʿah (Islamic law) principles. These include waqf (Islamic endowment), zakat...

...Aznan Hasan; Rusni Hassan; Engku Rabiah Adawiah Engku Ali; Engku Muhammad Tajuddin Engku Ali; Muhamad Abduh; Nazrul Hazizi Noordin Purpose The purpose of this study is to propose a contemporary human resource management (HRM) framework by zakat institutions, which collect and manage religious alms...