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Zakat is based on income and the type and value of one's assets/possessions [13] [14] above a minimum amount known as nisab. [7] [Note 1] The Quran does not provide specific guidelines on which types of wealth are taxable under the zakat, nor how much is to be donated, and Islamic scholars differ on how much nisab is and other aspects of zakat ...
Zakat (or Zakāh) is one of the five pillars of Islam. Zakat is the Arabic word for "Giving to Charity" or "Giving to the Needy". [a] [3] Zakat is a form of almsgiving, often collected by the Muslim Ummah. [1] It is considered in Islam a religious obligation, [4] [5] and by Quranic ranking, is next after prayer in importance. [6]
The Hanafi school applies zakat on all agricultural produce according to the opinion of Imam Abu Hanifa. According to Imam Abu Yusuf and Muhamad bin Al Hasan, it only applies to plants whose produce can last (through storage) for a year. [12] When zakat applies to a plant, the nisab is five Wasaq. Each wasaq is valued as sixty Sa'.
Sadaqat al-Fitr is a duty which is considered wajib (required) of every Muslim, whether male or female, minor or adult as long as they have the means to do so.. According to Islamic tradition (), Ibn 'Umar said that the Islamic Prophet Muhammad made Zakat al-Fitr compulsory on every slave, freeman, male, female, young and old among the Muslims; one Saa` of dried dates or one Saa` of barley.
1 Sāʿ = 8 Ratl was how the people of Kufa defined 1 Sāʿ. [3] It was also the measure used by Umar (reg. 634–644) when he atoned oaths. [1] 1 Sāʿ = 5 1/3 Ratl was how the people of people of Medina defined 1 Sāʿ. It was reduced to this relation by Saʿīd ibn al-ʿĀs, who was Governor of Medina under Muawiyah I (reg. 661–680). [1]
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The General Authority of Zakat, Tax, and Customs (ZATCA) (Arabic: هيئة الزكاة والضريبة والجمارك) is a government agency under the Ministry of Finance in Saudi Arabia that is responsible for the assessment and collection of taxes and zakat, a form of obligatory almsgiving in Islam.
This, the idea of Guru Ki Golak (meaning "Guru's treasury") was devised. [5] The Masands (ministers and the tithe-collectors) had the responsibility of collecting " kar bhet " ( seva offerings) and dasvandh donations from the Sikhs in the region they were stationed in, and to then ensure these were in-turn given to the Guru.