The role of Zakat in the regulation of social equality

  • Ermekbaeva B.Zh, Aydrus I. Mukhadil Z, Zhomartuly T. Al-Farabi Kazakh National University

Abstract

The article reveals the role and importance of zakat in the tax system of Islamic states as an instrument of social support for low-income strata of the population. The mechanism of collecting zakat is considered: objects, subjects, tax base and calculation mechanism. Zakat is one of the tools to reduce and eliminate poverty. Zakat is an absolute gain, both from the point of view of the individual and fromthe point of view of society. Benefits socially low-income groups and the payer of zakat (in the religioussense). This article contains useful information for future researchers in the field of Islamic finance, specificallyZakat.Subject. Zakat as a special tax in the Islamic tax system governing social inequality.Goals. To analysis of the principles of operation and mechanism of charging zakat. To show the roleof Zakat as the main tax in the Islamic tax system.The results of the study showed that the problem of the functioning of the Zakat is one of the mostdebated problems of economists by economists not only from Muslim countries, but also from othercountries.Application area. The results of the study can be used in the introduction of Islamic experience in theregulation of social inequality, into the tax system of other countries. Also with the economic cooperationof the countries of the Islamic world.Key words: zakat, nisab, Islamic finance, Islamic tax, Islamic taxation.

Author Biography

Ermekbaeva B.Zh, Aydrus I. Mukhadil Z, Zhomartuly T., Al-Farabi Kazakh National University
Ermekbaeva B.Zh1, Aydrus I.2, Mukhadil Zh.3, Zhomartuly T.41acting professor, e-mail: bayan.ermekbaeva@kaznu.kz2c.e.s., associate professor, head of the program «World economy»of the Institute of world economy and business, Director of the center for Arab studies PFUR,Russia, Moskow3master student, e-mail: zhmukhadil@gmail.com4master student1,3,4Higher School of Economics and Business,al-Farabi Kazakh national university, Kazakhstan, Almaty
Published
2019-02-08
How to Cite
MUKHADIL Z, ZHOMARTULY T., Ermekbaeva B.Zh, Aydrus I.. The role of Zakat in the regulation of social equality. The Journal of Economic Research & Business Administration, [S.l.], v. 126, n. 4, p. 264-272, feb. 2019. ISSN 2617-7161. Available at: <http://be.kaznu.kz/index.php/math/article/view/2978>. Date accessed: 16 feb. 2019.