Comparative Study of Corporate Zakat and its Rules and Standards in Islamic Countries

Islam is a comprehensive religion that its economic system is different from the economic systems in other religions. The Islamic economic system has Islamic taxes which zakat is one of the most important ones. Zakat plays an important role in eradicating poverty, achieving sustainable economic growth and promoting social welfare in Islamic countries. In many Islamic countries, considerable efforts have been made to collect, distribute and expand the scope of zakat's inclusion in line with changing economic conditions. Since the assumption of distinct entity from its owners is recognized in Islam, in some of these countries, the scope of inclusion of zakat includes not only people but also corporates. The aim of this study is a theoretical analysis of corporate zakat and related issues. The achievement of this research is to provide a suitable platform for motivation the thoughts of academics and experts of the country business zakat as one of the new sources of Islamic financing.