World Applied Sciences Journal 35 (9): 1864-1868, 2017 ISSN 1818-4952 © IDOSI Publications, 2017 DOI: 10.5829/idosi.wasj.2017.1864.1868 Corresponding Author: Zaharah Salwati Baba, Faculty Economics & Management Science, Universiti Sultan Zainal Abidin, Terengganu, Malaysia. 1864 The Awareness of Business Zakat Reporting Among of Entrepreneur’sIn Terengganu, Malaysia Zaharah Salwati Baba, Nik Mohd Norfadzilah Nik Mohd Rashid, Hashim Jusoh, Wan Amalina Wan Abdullah and Habsah Muda Faculty Economics & Management Science, Universiti Sultan Zainal Abidin, Terengganu, Malaysia Abstract: Entrepreneurs play a vital role in a society.They are always perceived as people with ethically high values and they are promised to achieve a good reward and 'falah' in hereafter provided they understand and apply business concept from Islamic perspective with sincerity and honesty. Being an entrepreneur means being a man who successfully performs zakat obligation. This study concentrates on the level of awareness towards business zakat among 168 entrepreneurs in the state of Terengganu, Malaysia. The findings of this study discusses about, among others, resources on entrepreneurs information about zakat, entrepreneurs' awareness towards obligations of zakat, zakat as a part of Islamic commandments, 'nisab' for business zakat, zakat rate, and entrepreneurs' knowledge on zakat. Key words: Zakat Nisab INTRODUCTION obligation is a behavior of the believers, Muslim with Entrepreneurs have special roles and responsibilities as well as evidence of sincerity. in a society and being Muslims, they have to perform their duties in very best manner [1]. Islam views Definition of Entrepreneurs and Zakat: Entrepreneurs entrepreneurs as noble and promises them with good can be defined as individuals or a group of individual who reward in hereafter provided that they are sincere and invent or create products and services, run a business, honest in understanding and applying concept that is in develop it from time to time with contribution to economy compliance with Syariah rulings. for the benefit of a society and country [4]. Entrepreneurs Prophet Muhammad (peace be upon him) said, “An are also contribute to a successful business. They honest businessman will be in proximity with prophets, identify opportunities, innovate and their good siddiqin and shuhada on the day of judgment”. performance can be a standard in a ‘free enterprise’ era. Entrepreneurs with good Islamic ethics and morality They create job opportunities to the society and helps in (akhlak) with approach and adaptation of the teachings country’s development through reduction in of Prophet Muhammad (peace be upon him) will unemployment rate. contribute towards strengthening brotherhood and maintaining a good bilateral relationship between sellers [4] define entrepreneurs as follows: and buyers [2]. Being entrepreneurs mean being successful Muslims “An individual who creates new business opportuniy who perform zakat obligation as stipulated in Islamic and faces uncertain environment in order to obtain rulings. Therefore, initiative towards accumulating wealth profit and development through identification of and becoming richer until zakat payments become opportunities and establish resources in order to obligatory is a move towards becoming good Muslim. obtain them. An entrepreneur always start with Allah ruled that in a wealth of the rich there are existing ideas and these ideas are usually simple and certain portions of the poor and this can be flowed provide relevant resources in order to transfer that through zakat [3]. Al Quran says that performing zakat idea into business operation”. ‘taqwa’ and donators. It is also a sign for faith and belief,