WZF International Conference 2017
| # | Title | Authors | |
| 2017 | |||
| 2017-01 |
Implication of Tax-Related regulation on Zakat Collection: |
Fauzul Hanif Noor Athief, Mohammad Aulia Rachman |  |
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Abstract Apart from zakat importance as pillar in Islam, the role of zakat in economic dimentions is undeniable. It has the function as poverty eradication, stimulation of economic growth and even on equality of income distribution. However, it remains a big question as to whether how to promote the collection of this powerful instrument. This paper tries to investigate how are the countries approaches in the collection part to eventually see which policy apparently come as to be the better one. We collect the regulations on both tax and zakat from several countries to derive the type of approach. The investigation on the policy efficiency will be based on the tax and zakat data collected combined by making its ratio relative to Gross Domestic Bruto (GDP). Our result implies that Middle East and Africa countries perform better compared to ASEAN. Further conclusion indicates that making zakat mandatory does not render better collection, while piety, awareness and education factors should be taken into account. Keywords: Zakat, Tax, Exemption, Regulation. JEL Classification: E62, H21,P51 |