Islamic Finance: Zakat in Malaysia

Originally published at: Islamic Finance: Zakat in Malaysia | TheAccSense

Zakat or alms-giving is one of the obligatory acts or religious duty upon Muslims. The obligation for zakat for Muslims is commanded by Allah in many verses in the Al-Quran. Al-Quran is one of the primary sources in Islamic law as explained in our earlier article, The primary source of Islamic law in Islamic Finance…