Administration of Zakat on Wealth in Maldives Cover Image

Administration of Zakat on Wealth in Maldives
Administration of Zakat on Wealth in Maldives

Author(s): Aishath Muneeza
Subject(s): National Economy, Supranational / Global Economy, Business Economy / Management, Micro-Economics, Islam studies, Contemporary Islamic Thought, Business Ethics, Socio-Economic Research
Published by: New Millennium Discoveries Ltd
Keywords: Zakat; Maldives; Zakat al mal; Zakat Collection and Distribution; Islamic Finance; Zakat Administration

Summary/Abstract: For Muslims zakat is obligatory and different jurisdictions in the world have different mechanisms to administer it. Maldives is a hundred percent Muslim country and zakat administration in the country is unique. As such the objective of the paper is to discuss the zakat administration in Maldives with special reference to zakat al mal and to discuss the challenges facing the existing way of zakat administration. The paper also includes ways to overcome the challenges. No literature on this area in Maldives could be found and as such reference to primary materials such as unpublished statistics, reports, brochures have been made. It is hoped that this paper will encourage further research on this area in Maldives.

  • Issue Year: 4/2017
  • Issue No: 1
  • Page Range: 58-72
  • Page Count: 15
  • Language: English