INDIVIDUAL INVESTORS' LIABILITY TO ZAKAT: A Comparative Analysis of Assets Valuation Models of Saudi Arabia, the Sudan and Malaysia

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dc.contributor.authorHALIRU, DIKKO
dc.date.accessioned2017-12-14T16:10:34Z
dc.date.available2017-12-14T16:10:34Z
dc.date.issued1998-12
dc.descriptionBEING A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL, IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTERS OF BUSINESS ADMINISTRATION (M.B.A.) OF THE AHMADU BELLO UNIVERSITY, ZARIA NIGERIA. DEPARTMENT OF BUSINESS ADMINISTRATION AHMADU BELLO UNIVERSITY, ZARIA DECEMBER 1998.en_US
dc.description.abstractOf the five fundamental pillars of Islam, Zakat and Holy Pilgrimage to Mecca are the less understood by Muslims, largely, because pilgrimage is only prescribed on those who are healthy and have the means to travel and Zakat equally is prescribed on those who have earned enough to save minimum of N80,000 for 12 months. The subject of Zakat has even become less popular among the investing public as it is always wrongly associated with liquid cash not only encompassing all growing assets. The contention, is not only limited to whether to pay Zakat on business assets, but more importantly the valuation framework, which many willing payers find to be very tasking and easy to avoid payment on such ground. The little contribution of this work is more of creating awareness on the Zakatability of business assets and also shedding more light in the complex valuation framework within the context of modern production mechanism and business arena. We have reviewed the assessment and collection methods of Saudi Arabia, Malaysia, and the Sudan, which # based fundamentally on shareholders fund (owner's equity) and networking capital concepts. In order to effectively and religiously discharge Zakat obligation, working within the context of "it is better to overpay than deliberate underpay". It became imperative to reconsider the valuation of growing assets. The objective is to neutralise the effect of mingling of the sources and application of funds in business.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/9741
dc.language.isoenen_US
dc.subjectINDIVIDUAL INVESTORSen_US
dc.subjectLIABILITY TO ZAKATen_US
dc.subjectComparative Analysisen_US
dc.subjectAssets Valuation Modelsen_US
dc.subjectSaudi Arabiaen_US
dc.subjectSudanen_US
dc.subjectMalaysiaen_US
dc.titleINDIVIDUAL INVESTORS' LIABILITY TO ZAKAT: A Comparative Analysis of Assets Valuation Models of Saudi Arabia, the Sudan and Malaysiaen_US
dc.typeThesisen_US
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