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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 ...
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.
Muhammad said there was an obligation to pay zakat in the second year of Hijrah, marking the division of the practice of zakat into the Mecca and the Medina phases. [7] The initial stage of zakat development spanned 23 years, during which the Badawi community in Mecca implemented a system of contributing properties to support the needy. [8]
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]
In Pakistan Zakat is levied on sahib-e-nisab, i.e. a person who owns or possesses assets liable to Zakat under Shariah equal to or more than nisab, (about US $300, calculated according to the value of 612.32 grams of silver [6]). [1] There are eleven types of assets liable to Zakat "detailed in 1st schedule of Zakat & Ushr Ordinance 1980". [7]
Bandar Tun Hussein Onn is a township in 11th-Mile Cheras (Batu 11 Cheras) in Bangi constituency, Selangor, Malaysia. It is primarily a residential area , established in the early 1990s. It is situated about 13 km southeast of central Kuala Lumpur and 7.5 km north of Kajang .
States that observe a Saturday–Sunday weekend States that observe a Friday–Saturday weekend Public holidays in Malaysia are regulated at both federal and state levels, mainly based on a list of federal holidays observed nationwide plus a few additional holidays observed by each individual state and federal territory.
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8]Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])