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A considerable number of Muslims accept their duty to pay zakat, but deny that the state has a right to levy it, and they may pay zakat voluntarily while evading official collection. [84] In discretion-based systems of collection, studies suggest zakat is collected from and paid only by a fraction of Muslim population who can pay. [18]
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 giver must declare to God his intention to give the zakāt. The zakāt must be paid on the day that it is due. After the offering, the payer must not exaggerate on spending his money more than usual means. Payment must be in kind. This means if one is wealthy then he or she needs to pay a portion of their income.
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 ...
In Islam, zakat is a form of compulsory alms-giving, and a religious obligation for those Muslims who are financially affluent. [37] They are required to pay one-fortieth (2.5%) of their total income or money each year to those Muslims who are poor and helpless.
Zakat Foundation of America is a Chicago-based NGO providing emergency relief, post-disaster rehabilitation, sustainable development, education, healthcare, orphan sponsorship, and seasonal programs such as Ramadan iftars and Udhiya/Qurbani. Zakat Foundation of America is registered under 501(c)(3) as a non-profit charity organization.
Some state that zakat may be paid to non-Muslims, but only after the needs of Muslims have been met. [39] Fi Sabillillah is the most prominent asnaf in Southeast Asian Muslim societies, where it broadly construed to include funding missionary work, Qur'anic schools, and anything else that serves the community in general. [ 40 ]
The Messenger of Allah (peace be upon him) said: Al-Islam implies that you testify that there is no god but Allah and that Muhammad is the messenger of Allah, and you establish prayer, pay Zakat, observe the fast of Ramadan, and perform pilgrimage to the (House) if you are solvent enough (to bear the expense of) the journey.
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