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Towards A Unified Zakat System

Towards A Unified Zakat System

Towards A Unified Zakat System

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<strong>Zakat</strong> at 1.5 percent of the base rather than all the <strong>Zakat</strong>at 2.5 per cent of the base. The <strong>Zakat</strong> payer is,therefore, left with the rest of the <strong>Zakat</strong>, that is, 1 percent of the base, to pay to those he/she thinks the mostdeserving, including the poor, the needy and others. Otheralternatives, such as an incremental percentage between 50percent and 75 percent of the 2.5 percent of the basesuggested previously, could also be implemented.7.4 Further recommendationsThis thesis has examined the possibility of establishing anaccounting system for <strong>Zakat</strong> in the states of the GCC. Themain objective was to test the existing social, economicand religious environments in these states, from afinancial perspective, and whether they could provide thebasis for a solid infrastructure for a unified andharmonious accounting system of <strong>Zakat</strong>. These environmentalissues cannot be fully appreciated, as major determinantsof co-ordination, without first examining the will of therelevant governments to adopt a common understanding onsuch a system and, more importantly, the willingness of thepeople (<strong>Zakat</strong> payers) of these states to accept a unifiedsystem.0283

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