Journal of Governance and Regulation / Volume 11, Issue 2, Special Issue, 2022 286 COMPANY ZAKAT ASSESSMENT METHODS IN SELECTED JURISDICTIONS Dodik Siswantoro * , Mohamad Soleh Nurzaman ** , Sri Nurhayati ** , Agus Munandar *** , Abdul Ghafar Ismail **** , Syed Musa Bin Syed Jaafar Alhabshi ***** * Corresponding author, Universitas Indonesia, Jawa Barat, Indonesia Contact details: Universitas Indonesia, Kampus Baru UI Depok, Jawa Barat, Indonesia ** Universitas Indonesia, Jawa Barat, Indonesia *** Universitas Esa Unggul, Jakarta, Indonesia **** Universiti Sains Islam Malaysia, Nilai, Malaysia ***** International Islamic University Malaysia, Selangor, Malaysia Abstract How to cite this paper: Siswantoro, D., Nurzaman, M. S., Nurhayati, S., Munandar, A., Ismail, A. G., & Alhabshi, S. M. B. S. J. (2022). Company zakat assessment methods in selected jurisdictions [Special issue]. Journal of Governance & Regulation, 11(2), 286–292. https://doi.org/10.22495/jgrv11i2siart7 Copyright © 2022 The Authors This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0). https://creativecommons.org/licenses/by/ 4.0/ ISSN Print: 2220-9352 ISSN Online: 2306-6784 Received: 18.11.2021 Accepted: 17.05.2022 JEL Classification: L31, L38, H29, K29 DOI: 10.22495/jgrv11i2siart7 The paper aims to analyze the consistency and suitable method of company zakat calculation by evaluating the financial reports of companies in the countries: Saudi Arabia, Kuwait, and Malaysia. A previous study shows that the misconception on company zakat implicates a recognition and measurement (Adnan & Bakar, 2009). Then, this study describes that the consistency analysis is reviewed by comparing the preferred method in each country and the method that is currently applied by the company, while the suitable method is assessed by exploring all the possible zakat calculation methods that can be employed by the companies. This study discloses company zakat in the financial statements and its available common calculation methods. Descriptive data from financial companies disclosing company zakat in Saudi Arabia, Kuwait, and Malaysia are used. Accordingly, the proposed method would be used in the simulation calculation. Zakat can be based on final, calculated from its net income and non-final basis, calculated from working capital. The result shows that some countries have different yet similar calculation methods. The zakat companies should have a standardized method for calculation that can be reviewed by an external party. The study is relevant for the countries adopting company zakat in practice. Keywords: Company Zakat, Method, Income, Working Capital Authors’ individual contribution: Conceptualization — D.S., A.G.I., A.M., M.S.N., S.N., and S.M.B.S.J.A.; Methodology — D.S. and A.M.; Investigation — D.S. and A.M.; Writing — Original Draft — D.S., M.S.N., S.N., and A.M.; Writing — Review & Editing — D.S., A.G.I., A.M., M.S.N., and S.M.; Supervision — D.S. Declaration of conflicting interests: The Authors declare that there is no conflict of interest. Acknowledgements: The researchers would like to thank the Ministry of Research, Technology, and Higher Education of the Republic of Indonesia which funded this research. 1. INTRODUCTION In the current era, zakat is applied to companies with Muslim ownerships. Company zakat or business zakat means religious mandatory to all Muslims who meet the criteria to donate the sum of wealth from their business earnings. The object of this type of zakat is the owner of the company, a Muslim, who fulfills the requirement of zakat. Many Muslims should pay company zakat (or zakat on business