.... Moreover, these sources will help define the scriptural and legal foundations of Zakat accounting models. Migdad (2019) examines the relationship between zakat accounting and taxation in Malaysia, revealing that common methods like working capital and growth capital are not directly linked...

...Mohammed Obaidullah Purpose Available zakat accounting standards as well as the laws governing business zakat suggest that the adjusted net working capital or the adjusted growth capital of a business may be regarded as the base for computation of its zakat liability. The apparent consensus...