TY - JOUR T1 - Managing Zakat Through Institutions: Case of Malaysia AU - Mıgdad, Abdalrahman PY - 2019 DA - November DO - 10.25272/ijisef.519228 JF - Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi JO - IJISEF PB - Politik Ekonomik ve Sosyal Araştırmalar Merkezi WT - DergiPark SN - 2149-8393 SP - 28 EP - 44 VL - 5 IS - 3 LA - en AB - Uniquely, zakat isfeatured as the major tool of Islamic wealth redistribution that routinelycollects designated amounts of public money from zakat payers and channels sameto identified beneficiaries in accordance with the principles of the shari’ah.It is, therefore, essential to organize and develop institutions to manage thiswealth. This paper analyzes the Malaysian zakat system, assesses itsperformance by studying the collection and disbursement mechanisms. The paperis qualitative descriptive-analytical in nature, it analyzes annual reports andinterviews with the higher management of ZCC and religious councils. The paperfocuses on data between the year 1991 to 2014/15. This paper finds that theMalaysian experience with managing zakat advanced technically in bothdistribution and collection. However, the practice of ‘distribution’ ought tobe more sustainable, less consumption-based. Furthermore, the paper stronglyidentifies the need for establishing a database on needy people with thenational welfare system and other relief NGO’s to reduce double spending. KW - Zakat Systems KW - Sustainable Spending KW - Public Money CR - Abdul Wahab, M., Al-Junaid, A., Omar, M., Ghazali, A., Osman, J., & Arif, M. (1995). Malaysia. Institutional Framework of Zakah: Dimensions and Implications (pp. 297 - 378). Jeddah: Islamic Development Bank. CR - Awang, R. (2011). Technical Comparison between Business Zakat and Tax on Business income in Malaysia. Malaysian Accounting Review, Vol. 10(No. 2), 13-25. Retrieved from http://ari.uitm.edu.my/main/images/MAR/vol10-2/chap2.pdf CR - Bank Islam Malaysia. (2017). 2016 Anual Report. CR - Bank Negara Malaysia. (2017). anual 2016 report. Bank Negara Malaysia. CR - BNM. (2017). publications. Retrieved 8 10, 2017, from http://www.bnm.gov.my/index.php?ch=en_publication&pg=en_msb&ac=246&lang=en &uc=2 CR - Commission on Human Security. (2003). Human Security Now. New York: Commission on Human Security. CR - Hamat, Z. (2009). Business Zakat Accounting and Taxation in Malaysia. Conference on Islamic Perspectives on Management and Finance (pp. 13-18). leicester: School of Management, University of leicester. Retrieved from https://core.ac.uk/download/pdf/11966303.pdf CR - JAWHAR. (2017). Statistik Kutipan Zakat Seluruh Malaysia. Retrieved 3 2018, 8, from http://intranet.jawhar.gov.my/spmj/public/zkt_statistik_stat.php CR - Lombardi, M., Mohanty, M., & Shim, I. (2017). BIS Working Papers No 607. The Teal Effects of Household Debt in the Short and Long Run. Retrieved from https://www.bis.org/publ/work607.pdf CR - Malaysian Accounting Standards Board. (2006). Technical Release i -1. Accounting for Zakat on Business. Retrieved from http://www.masb.org.my/pdf.php?pdf=Accounting%20for%20Zakat%20TRi-1.pdf&file_path=uploadfile CR - Ministry of Finance Malaysia. (2017). 2017 Economic Report. Ministry of Finance Malaysia. Retrieved from http://www.treasury.gov.my/pdf/economy/er/1617/chapter4.pdf CR - Petronas. (2016). Annual Report 2016. Retrieved from http://www.petronas.com.my/investorrelations/Documents/annual-report/PETRONASAnnualReport2016.pdf PPZ MAIWP. (92-2016). BUKU LAPORAN. Retrieved from http://www.zakat.com.my/infoppz/laporan/buku-laporan/ CR - PWC. (2015). State-Owned Enterprises Catalysts for public value creation? Retrieved from https://www.pwc.com/gx/en/psrc/publications/assets/pwc-state-owned-enterprisepsrc.pdf CR - Sen, A. (2000). Development as Freedom. New York: Anchor Books. UR - https://doi.org/10.25272/ijisef.519228 L1 - https://dergipark.org.tr/en/download/article-file/868357 ER -