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Zakat spending as per Holy Quran on 8 categories of people Silver or gold coinage is one way of granting 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]
Historical medieval era trade documents between Oman and India, refer to this tax on ships arriving at trade port as ashur or ushur. [14] Ushr and Jizya would grant non-Muslims a privilege in war time, i.e. non-Muslims could not be obliged to join in military activities, in case, there was a war.
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.
The word sadaqa is interchangeably used with zakat and nafaqa in some contexts, [3] but while zakat is obligatory, sadaqa usually refers to voluntary donations. [ 1 ] Zakat is a required minimum contribution by Muslims in terms of money and property or goods that can help Muslims who need assistance, while sadaqah can be in the form of money ...
The Quranists give zakat based on the Quranic verses. In the opinion of many Quranists, zakat must be paid, but the Quran does not specify a percentage because it does not appear explicitly in the Quran. [44] Other Quranists are in agreement with the 2.5 percent, but do not give the zakat annually, but from all money they earn. [45]
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]
The Hanafi school is unique in extending zakat to horses under certain conditions. When it is applicable, there is no nisab and one mithqal is to be paid for each horse. [9] Someone who owns fewer animals than the above nisab is not obliged to pay zakat. Also, the nisab of one kind of animals is not to be mixed with another.
One can translate from a book by using a scanner and an OCR like Google Drive. In its Written Words Translation function, there is a word limit on the amount of text that can be translated at once. [25] Therefore, long text should be transferred to a document form and translated through its Document Translate function. [25]