Finance and Credit

Islamic tax (zakat) for commercial organizations of the market of confessional services: The method of calculation

Vol. 24, Iss. 1, JANUARY 2018

Received: 13 November 2017

Received in revised form: 27 November 2017

Accepted: 11 December 2017

Available online: 29 January 2018

Subject Heading: FISCAL SYSTEM

JEL Classification: B11, B52, D31, H32, P49

Pages: 33–51

Shovkhalov Sh.A. Siberian Federal University, Krasnoyarsk, Russian Federation

ORCID id: 0000-0001-8430-3276

Importance This paper discusses the techniques of calculation of zakat tax for commercial organizations. This is a priority issue for businessmen wanting to comply with the Muslim confession requirements.
Objectives The paper aims to develop a method for calculating the Islamic tax zakat for commercial organizations, considering the Russian specifics of financial statements preparation.
Methods The institutional approach is a methodological basis of the research. It allows to investigate the influence of institutions on the activity of market subjects. As well, I used the general scientific methods of theoretical and empirical cognition.
Results Today, there is no comprehensive method for calculating zakat for commercial organizations. To solve this problem, the paper proposes nine steps of calculation and distribution of zakat by commercial organizations.
Conclusions The proposed method of zakat calculation for commercial organizations shall partially solve the problems of socially vulnerable groups of population, as well as reduce the poverty level in the country.

Keywords: zakah, confessional payment, tax, Muslim services market


  1. Naumkin V., Kuznetsov V. [The Islamic world and Islamic organizations in the modern world political system]. Rossiya i musul'manskii mir = Russia and the Moslem World, 2014, no. 5, pp. 143–171. (In Russ.)
  2. Christiansen B., Yildiz S., Yildiz E. Handbook of Research on Effective Marketing in Contemporary Globalism. USA, IGI Global, 2014, 463 p. URL:
  3. Syukiyainen L.R. Pravovaya problematika v rossiiskom vostokovedenii. V kn.: Kontseptsii sovremennogo vostokovedeniya [Legal issues in the Russian Oriental studies. In: The concepts of contemporary Oriental studies]. St. Petersburg, KARO Publ., 2013, pp. 245–256.
  4. Shovkhalov Sh.A., Petrova A.T. [Market of Muslim goods: essence and features]. Fundamental'nye issledovaniya = Fundamental Research, 2015, no. 6-1, pp. 207–210. URL: (In Russ.)
  5. Shovkhalov Sh.A., Petrova A.T. [Influence of a religious factor on economic behavior of participants of the market]. Vestnik Altaiskoi nauki, 2015, no. 3-4, pp. 585–589. (In Russ.)
  6. Shovkhalov Sh.A. Otsenka deyatel'nosti predpriyatii rynka musul'manskikh tovarov. Monografiya [Assessment of the activity of enterprises of Muslim goods market: a monograph]. Krasnoyarsk, SFU Publ., 2016, 136 p.
  7. Petrova A.T., Shovkhalov Sh.A. Growth Prospects for Market of Muslim Goods in Russia. Indian Journal of Science and Technology, 2016, vol. 9, iss. 46, pp. 2–7. URL:
  8. Nizhegorodtsev R.M. [Import substitution of institutions: a crucial task in ensuring national security]. Izvestiya Ural'skogo gosudarstvennogo ekonomicheskogo universiteta = Journal of Ural State University of Economics, 2016, no. 4, pp. 1–18. URL: (In Russ.)
  9. Syukiyainen L.R. Islam i prava cheloveka v dialoge kul'tur i religii [Islam and human rights in the dialog of cultures]. Moscow, Sadra Publ., 2014, 212 p.
  10. Bigiev M. Zakyat [Zakat]. Naberezhnye Chelny, Islam Nury Publ., 2013, 228 p.
  11. Shentyurk M.Kh. Zakyat. Vera i praktika [Zakat. Faith and Practice]. Moscow, Novyi svet Publ., 2008, 222 p.
  12. Bekkin R.I. Islamskaya ekonomicheskaya model' i sovremennost'. 2-e izd., pererab. i dop [The Islamic economic model and modernity]. Moscow, Mardzhani Publ., 2010, 352 p. URL:
  13. Bekkin R.I. Islamskaya ekonomika. Kratkii kurs [The Islamic economics. Short course]. Moscow, AST Publ., Vostok-Zapad Publ., 2008, 179 p.
  14. Bekkin R.I. [Poor-due: tax or religious duty?]. Finansy = Finance, 2008, no. 11, pp. 35–39. (In Russ.)
  15. Bekkin R.I. Islamskie finansy v sovremennom mire: ekonomicheskie i pravovye aspekty [Islamic finance in the modern world: economic and legal aspects]. Moscow, UMMAH Publ., 2004, 283 p.
  16. Voronova E.Yu. [The role of zakah (religious tax for the poor) in Islamic accounting]. Finansovyi biznes = Financial Business, 2016, no. 5, pp. 20–23. (In Russ.)
  17. Zul'karnai I.U. [Intergovernmental fiscal relations in terms of Islamic economics]. Problemy vostokovedeniya = Problems of Oriental Studies, 2014, no. 1, pp. 20–25. (In Russ.)
  18. Kalimullina M.E., Bekkin R.I. Zakyat: prakticheskoe rukovodstvo: posobie po raschetu, vyplate i raspredeleniyu zakyata [Zakat: a practice direction: a textbook on calculation, payment and distribution of zakat]. Moscow, Islamskaya kniga Publ., 2010, 160 p.
  19. Koveshnikova G.Kh., Abubekerov Sh.M. Raschet zakyata v Rossii po bukhgalterskomu balansu [The calculation of zakat in Russia according to balance sheet]. Moscow, Russia Mufties Council Publ., 2008, 105 p.
  20. Pochekaev R.Yu. [Islam, Taxes and the Empire: The Tax Institution of Zaketin Bukhara and Khiva During the Russian Protectorate]. Strany i narody Vostoka, 2015, no. 26, pp. 97–112. (In Russ.)
  21. Musaev R.A., Magomedova Yu.D. [Islamic Financial Institutions in the World Economy]. Vestnik Moskovskogo universiteta. Seriya 6: Ekonomika = Moscow University Economics Bulletin. Series 6: Economics, 2013, no. 2, pp. 18–28. (In Russ.)
  22. Musaev R.A., Magomedova Yu.D. [Development trends of Islamic financial institutions in the context of globalization]. Problemy teorii i praktiki upravleniya = Theoretical and Practical Aspects of Management, 2015, no. 11, pp. 39–48. (In Russ.)
  23. Zhuravlev A.Yu. [Islamic finance and the teaching as an academic discipline]. Vestnik Moskovskogo universiteta. Seriya 6: Ekonomika = Moscow University Economics Bulletin. Series 6: Economics, 2014, no. 1, pp. 108–115. (In Russ.)

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 24, Iss. 1
January 2018