Accounting for zakat on gold, silver and contemporary money is of great importance in the Islamic economy, and those responsible for it must be fully aware of this type of accounting so that the process is carried out according to the will of the legislat

Abstract

Accounting for zakat on gold, silver and contemporary money is of great importance in the Islamic economy, and those responsible for it must be fully aware of this type of accounting so that the process is carried out according to the will of the legislator, according to the legal perspective and to achieve the desired interest in it in line with the main purposes of the pillar of zakat in Islamic Sharia.  And that everyone who has a right takes his right from it, without distinguishing between the heirs, and the achievement of other goals that branch from it, and that are complementary to what this process gains.

      And since zakat is the third pillar of the five main pillars of the Islamic religion, it is necessary to do things to extract zakat from funds whose conditions have been completed, including: the conditions of the nisab and the conditions of the year with extreme precision, because God Almighty has specified those who are covered by zakat in the noble verse: Zakat is for the poor and for the needy and for those employed to collect (Zakat). And for those whose hearts will be brought together (for Islam) and for slaves and for those in debt and for (those) on the Way of Allah and for the travelers - an obligation by Allah. And Allah is All-Knowing, All-Wise (Surah At-Tawbah, verse-60).,

  This research deals with the issue of paying zakat and its method in a legitimate and accurate manner from an accounting point of view.

     Because paying Zakat requires accuracy, honesty and sincerity, and its importance is very great in the Islamic social and economic system, as its payment leads to achieving economic and social development and progress and welfare for the community, in addition to spreading brotherhood, love, cooperation, solidarity and compassion among the members of the Islamic community, the rich and the poor.

     Zakat has its own distinct character from the rest of the rituals and worships as it is a spiritual and material worship at the same time. The worship of prayer, fasting and Hajj are physical and spiritual worship. Zakat is a spiritual, financial and material worship at the same time.  From the members of the Islamic community, especially the poor, the needy, and others who are deserving, for all the goals and advantages that have passed, all obstacles and difficulties facing accountants and economists must be bridged in the operations of zakat accounts for zakat funds to reach the desired goals according to the perspective of Islamic economics.