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TS-FS-10 Trust & Stewardship Financial Stewardship CORE Compliance v2.9.7

Zakat policy documented

This criterion assesses whether the organization has a comprehensive, documented policy governing the collection, management, and distribution of Zakat funds. It distinguishes between two roles: (A) Zakat Fund Administrator (charities collecting/holding/distributing donor Zakat) and (B) Corporate Zakat Payer (entities calculating/paying their own Zakat). A formal policy is essential for compliance, donor trust, and effective administration.

Fiqh Principles

Zakāt governance

The institutionalized process of collecting, managing, and distributing Zakat funds according to Islamic law.

Al-Kitābah ka al-Khitāb (Writing is like an address)

Validates the importance of a documented policy as a formal, binding commitment.

Tamlīk (transfer of ownership)

Zakat is fulfilled by transferring ownership to eligible recipients; exceptions require scholarly proof.

Al-umūr bi maqāsidihā (Matters are judged by their objectives)

Donor designation (Zakat vs Sadaqah) determines the ruling; systems must preserve donor intent.

Islamic Concepts

Amānah

Managing funds with integrity as a trust from Allah.

Ihsan (Excellence)

Striving for excellence in administration, transparency, and effectiveness.

Niyyah (intention)

Capturing and honoring donor intention.

Discussion (1)

Administrator 2026-03-07 11:07:49.237879

📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Updated islamic_references from mizan-297.json

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