Document Type : Paper

Authors

• Ali Sadeghipour ¹
• Saeed Farahani Farhad ²
• Reza Golami Jamkarani ³

¹ Graduate Student of Accounting, Islamic Azad University of Qom

² Associate Professor, Faculty of Economics and Management, Qom University

³ Assistant Professor Islamic Azad University - Qom Branch

Abstract

According to the explicit words of the Quran and Hadith, payment of religious obligations, especially Zakat and Khums, by community members can, in addition to the distribution of wealth among needy people and reduction in poverty and social gaps, purify people and their property. On the other hand, one of the most common sources of acquiring wealth is to employ financial capital in the modern corporate-based economy. If investment and acquiring profits are done through clean (pak) capital, the possession of profits by investors is Halal (permitted). So, in this article, we define Pak capital, and express the strategy to achieve it and the role of corporate governance in this regard. To do this, by studying the theoretical basis and the data obtained from submitted questionnaires, using interpretive and analytical methods and logical inference, an ultimate conceptual model was designed. The final questionnaire was distributed among religious experts and academics and then the comments of 71 experts were gathered and analyzed. This was done by SPSS software. The findings of this research indicate that there is a consensus on the definition of Pak capital and the strategy to achieve it. The existing regulatory and directional tool in corporate governance and Shariah Supervisory Board make the purification of capital possible. To achieve this, the necessity of regulating and codifying accounting and auditing has been confirmed by experts.

Keywords

• Pak Capital
• Pak Investment
• Zakat
• khums
• Corporate Governance in Islamic
• approach

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