FACTORS DETERMINING ZAKAT PAYMENT ON GOLD AMONG WORKING ADULTS IN FEDERAL TERRITORY, MALAYSIA: A PRELIMINARY STUDY

Authors

  • Muhammad Amir Syazwan Mohd Sayuthi UNIVERSITI MALAYSIA SABAH
  • Hani Amirah Juisin

Abstract

This study applies the ASE model which examines the effects of attitude, social influence and self-efficacy towards intention behaviour to pay zakat on gold among working adults in Federal Territory, Malaysia. Apparently, the current study was implemented due to the trend in gold investment and the zakat imposed on such investment increased, but the scope of the study was limited. As a preliminary study, 50 respondents participated in an online questionnaire survey that was issued in November 2021. The data survey was analyzed using the structural equation modelling (SEM) approach. The results revealed that attitude and self-efficacy have a significant relationship to the intended behaviour of gold zakat payment among working adults in Kuala Lumpur, Selangor, Putrajaya and Labuan. Unlike, social influence was found an insignificant effect on intention behaviour to pay zakat on gold. Hence, the obtained results may be relevant to provide zakat institutions with new insights into factors determining zakat payment on gold specifically in Federal Territory, Malaysia and thus can contribute to studies that are related to the ASE model.

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Published

2022-12-15

How to Cite

Mohd Sayuthi, M. A. S., & Juisin, H. A. (2022). FACTORS DETERMINING ZAKAT PAYMENT ON GOLD AMONG WORKING ADULTS IN FEDERAL TERRITORY, MALAYSIA: A PRELIMINARY STUDY. International Journal of Islamic Economics and Finance Research, 5(2 December), 24-35. Retrieved from https://ijiefer.kuis.edu.my/ircief/article/view/72