Discuss issues of investment on zakat collection

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Assignment:

Question

a) Ai-Bukhari, Muslim and others report from Ibn 'Abhas r.a. that the Prophet s.a.w. instructed Mu'adh r.a. when he sent him to Yemen, "Inform them that God requires sadaqah on their wealth, which is to be taken from the rich and given to the less fortunate ones. If they obey you in that, carefully avoid their dear wealth." This saying indicates the state transfers of zakat from the wealthy to the poor.

Required:

Discuss THREE (3) roles of the Islamic government in the administration of zakat with reference to the views and issues highlighted by the Muslim scholars.

b) Discuss TWO (2) issues of investment on zakat collection and the way to manage the investment according to some contemporary models.

Reference no: EM133226527

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