Islamic tax (zakat) for commercial organizations of the market of confessional services: The method of calculation
<b>Importance</b> This paper discusses the techniques of calculation of<i>zakat</i> tax for commercial organizations. This is a priority issue for businessmen wanting to comply with the Muslim confession requirements. <br></br> <b>Objectives</b> The paper aims to develop a method for calculating the Islamic tax<i>zakat</i> for commercial organizations, considering the Russian specifics of financial statements preparation. <br></br> <b>Methods</b> 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. <br></br> <b>Results</b> Today, there is no comprehensive method for calculating<i>zakat</i> for commercial organizations. To solve this problem, the paper proposes nine steps of calculation and distribution of<i>zakat</i> by commercial organizations. <br></br> <b>Conclusions</b> The proposed method of<i>zakat</i> 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.