Zakat Accounting: Metaphor and Accounting Treatment for Business Organization
MPRA Paper No. 74782
4th International Conference on Islamic Economics and Business (ICONIES), October 24, 2016.
20 Pages Posted: 26 Sep 2016 Last revised: 12 Jan 2017
Date Written: September 24, 2016
The various sources of zakat accounting are actually going to provide an answer to the question of whether the accounting capable of acting stints zakat management. Zakat accounting will provide information or data of a general nature modified technically-practical reorganized to be able to calculate the zakat that in fact contain a special purpose, such as the purification of wealth. The business organization is generally oriented to profit by using the entity (entity theory), which means that the company is a separate entity from its owners. While zakah accounting as a part of shari'a accounting affirms that a company or business organization is united with its owner, so that he has an obligation to pay zakat. Consequently, the business organization to change the orientation, from profit and stockholder-oriented to zakah-oriented, conservation of nature-oriented, and stakeholders-oriented.
Keywords: zakah, shari’a, accounting, business organization, profit
JEL Classification: H27, H71, I38, M41, N3
Suggested Citation: Suggested Citation