TY  - JOUR
T1  - Zakat Disclosure by Malaysian Islamic Banks
AU - Abd Samad, Khairunnisa AU - Said, Roshima 
JO  - International Business Management
VL  - 10
IS  - 20
SP  - 4737
EP  - 4742
PY  - 2016
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2016.4737.4742
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2016.4737.4742
KW  - Zakat disclosure
KW  -zakat compliance
KW  -Islamic banks
KW  -corporate zakat
KW  -disparity
AB  - This study investigates zakat disclosure on 16 Islamic banks (IB) listed under Bank Negara Malaysia during the year 2014. These are then compared, using a zakat disclosure to improve the element in zakat dimension from ethical identity index and social reporting disclosure. The new elements included are payment of zakat to zakat institutions, zakat as part of CSR program, zakat institution attestation on zakat computation, Shariah Supervisory Board (SSB) attestation that IB is not liable to pay zakat and reasons for not paying zakat. In addition, content analysis is undertaken to measure the volume of zakat disclosures. Based on the results, the overall mean zakat disclosure of IBs is 0.70 and Bank Islam Malaysia Berhad (BIMB), AmIslamic Bank Berhadand Hong Leong Islamic Bank Berhad, scores the highest disclosure of zakat compliance which is 0.80. Five IBs out of twelve surveyed (IB acknowledged the responsibility to pay zakat) to be above average. The remaining seven IBs suffer from the disparity between the communicated and ideal zakat disclosures. The results have important implications for Islamic Banks in order to enrich their images and good reputations in society as well as to remain competitive.
ER  -