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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. [16] However, the amount of zakat paid on capital assets (e.g. money) and stock-in-trade and jewelry is customarily 2.5% (1/40). [8]
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]
As-Sadaqat (zakat) are only for the Fuqara' (the poor), and Al-Masākīn (the needy) and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Fi sabilillah (Allah's cause), and for Ibn As-Sabil a duty imposed by Allah. And Allah ...
Print/export Download as PDF; Printable version; In other projects ... Pages in category "Zakat" The following 10 pages are in this category, out of 10 total.
The International Zakat Organization (IZO) is an Islamic charitable initiative which focuses on the use of Zakat.Its aim is to work in the international Islamic community among the 56 member states of the Organisation of Islamic Cooperation and in the wider world to foster cooperation in economic, social, cultural, and other areas.
zakat - one of the five pillars of Islam. Only imposed on Muslims, it is generally described as a 2.5% tax on savings to be donated to the Muslim poor and needy. [1] [2] It was a tax collected by the Islamic state.
The Apostolic Bible Polyglot is the first numerically coded Greek Old Testament. It allows study of both Hebrew- and Greek-based scriptural texts in the same language, and a student may follow the association of a word from either the New Testament to the Old Testament or vice versa.
Abbreviations may be used when the citation is a reference that follows a block quotation of text. [4] Abbreviations should not be used, according to The Christian Writer's Manual of Style, when the citation is in running text. Instead, the full name should be spelled out.