Thursday, 1 March 2012

Malaysia: Zakat (Tithe) collection in Federal Territory up 24% in 2011 to RM341.3m


Pusat Pungutan Zakat Majlis Agama Islam Wilayah Persekutuan (PPZ-MAIWP) tithe collection increased 24% to RM341.3 million compared to the RM275.6 million recorded in 2010.

PPZ-MAIWP said the collection was on the back of a 13% increase in number of payers to 100,497 from 89,110 in 2010.

“The increase in collection reflects the increase in public awareness due to PPZ-MAIWP’s campaigns and promotions throughout the year through mass media.

“This was also due to the continuous support from Jabatan Kemajuan Islam Malaysia, Jabatan Wakaf, Zakat dan Haji, MAIWP, the Federal Territory of Islamic Affairs Department Baitulmal-MAIWP and Yayasan Taqwa,” the zakat collection body said in a statement last Thursday.

It said collection of business zakat increased 63% to RM54.9 million from RM33.6 million recorded in the same period last year.

PPZ-MAIWP said it was due to the increasing number of companies paying tithe of 10% to 1,571 companies compared to 1,427 in 2010.

“Our recent approach where we allow companies and individuals to take 37.5% from zakat perniagaan (business) paid and 25% from individual tithe paid to be distributed to asnaf (group entitled to receive tithe) by themselves has encouraged companies and individuals to pay their tithe,” it said.

PPZ-MAIWP said as at Dec 31, 2011, 39 companies had used this approach with the pay back amount by the tithe collection body stands at RM10.5 million.

Meanwhile, PPZ-MAIWP targets to collect RM360 million tithe collection with 108,500 payers for 2012. The target will be revised after the first six months of the year, it said.




(MalaysianReserve, 16 Jan2012)


---
Alfalah Consulting - Kuala Lumpur:
www.alfalahconsulting.com
Islamic Investment Malaysia:
www.islamic-invest-malaysia.com

No comments:

Post a Comment

Alfalah Consulting's facebook