Page 103 - Dimensi Baharu Zakat di Malaysia

© DIMENSI BAHARU ZAKAT DI MALAYSIA
ISBN 978-967-2959-04-5

to RM 12,586,497 from 2000 to March 2002 (Yahya, 2001). MAA
Takaful, Lembaga Tabung Haji, Bank Islam Malaysia Berhad, and
Bank Simpanan Nasional Berhad are also among the institutions that
have shown their commitment (Rosele, 2016; Badarulzaman, Azhar
and Md Ismail, 2015).
Amidst the reality which were shown through the “less
favorable” research findings, some writers are still optimist with the
future and hope that the awareness and business's compliance in
paying zakah will keep rising (Nasir, 2015). For that to happen,
zakah institutions need to increase knowledge and self-confidence
as well as their interactions with entrepreneurs to improve the
collection of zakah in the future (Saad et al., 2019).

Assessment Method
Theoretically there are two popular methods of assessment, i.e
capital growth method and working capital method. These methods
have been recommended by many zakah scholars. In Malaysia,
JAWHAR has similarly recommended these methods in its Manual
of Zakah Management for Banking Institutions (2010) although
companies are not strictly bound by only such methods. In addition,
the Malaysian Accounting Standard Board on 1 July 2006 issued
similar statement regarding the matter. Under the capital growth
method, capital, debt capital finance and profit from capital are used
as the zakah base. The second method is the working capital method
which is calculated based on current assets and current liabilities
(JAWHAR, 2010).
There are some adjustments are allowed after the gross zakah
amount is realized. According to the JAWHAR’s manual, the
adjustment is made by taking out the incomplete ownership items,
non-permitted Shariah items and profit from operational activities.
On the other hand, the purchasing of fixed assets and non-current
assets using internal operational funds at the end of the financial year
prior to hawl is included in zakah measurement (JAWHAR, 2010).

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