Zakat on Bonds in Islamic Jurisprudence (Fiqh): Theory and Practice

Authors

Amneh I. Al-Oqaili, Department of Islamic Jurisprudence, College of Shari’a, The University of Jordan, Amman, JordanFollow
Mohammed M. Khalil, E-Tech-Systems, Amman, JordanFollow

Abstract

Bonds are one of the contemporary financial instruments that need more understanding, clarification and research, and most studies focus on the theoretical side of bonds without addressing the practical side. Fiqh opinions focused on the provisions of zakat of bonds, their quorum and the amount of zakat. But none of the Fiqh opinions or books specialized in zakat clarified the ways for calculating zakat of bonds of all kinds in detail. In this research, the Fiqh opinion will be linked to the calculation of zakat on various bonds through the use of the principles of financial accounting. Thus, this research will provide a practical and applied reference for calculating zakat of bonds, and to be a reference in this field for each of the bond owners and the seeker of Sharia knowledge through calculating zakat of bonds and clarified more by applied mathematical examples.

Recommended Citation

I. Al-Oqaili, Amneh and M. Khalil, Mohammed (2023) "Zakat on Bonds in Islamic Jurisprudence (Fiqh): Theory and Practice," Information Sciences Letters: Vol. 12 : Iss. 10 , PP -.
Available at: https://digitalcommons.aaru.edu.jo/isl/vol12/iss10/4