APLIKASI KONSEP KHULṬAH DALAM PENGIRAAN ZAKAT DI MALAYSIA: ANALISIS ISU, CABARAN DAN PENYELESAIANNYA: Application of Khulá¹­ah Concept in ZakÄh Calculation in Malaysia: Analysis of Issues, Challenges and Its Solutions

Abstract

The concept of khula¹­ah in the discussion of zakAh connotes a mixure of zakatable assets owned by several owners and calculated as a single entity. In the contemporary period, many zakatable assets are being kept in a common fund that fits the definition of khula¹­ah of zakAh, and is thus subject to the zakAh obligation. This includes cash deposited in accounts, such as the Tabung Haji fund; accounts in banks, such as savings, checking, and investments accounts; Employees Provident Fund (EPF); as well as corporations, etc.. However, looking at the current practices of zakAh calculation, it is evident that the khula¹­ah concept has been neglected. In fact, its practice and implementation among the zakAh collection bodies have not been standardized. Using the literature review methodology, this article aims to examine the views of Islamic jurists on the concept of khula¹­ah and its implementation and constraints that limit its implementation and any proposed resolutions, and how this concept can benefit the zakAh authorities. This research has found that although the concept of khula¹­ah in zakAh collection faces many challenges for implementation it can be optimized in expanding zakAh collection, thus empowering its role in fulfilling the needs of the Muslim society.