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  2. Zakat - Wikipedia

    en.wikipedia.org/wiki/Zakat

    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]

  3. Calculation of Zakāt - Wikipedia

    en.wikipedia.org/wiki/Calculation_of_Zakāt

    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 ...

  4. Islamic taxes - Wikipedia

    en.wikipedia.org/wiki/Islamic_taxes

    Outlined in this verse are the 8 categories where Zakat is eligible. [ 2 ] jizya - a per capita yearly tax historically levied by Islamic states on certain non-Muslim subjects— dhimmis —permanently residing in Muslim lands under Islamic law , the tax excluded the poor, women, children and the elderly.

  5. Islam and humanity - Wikipedia

    en.wikipedia.org/wiki/Islam_and_humanity

    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.

  6. Islamic Society of Greater Houston - Wikipedia

    en.wikipedia.org/wiki/Islamic_Society_of_Greater...

    As part of its zakat services, the ISGH has special food stamps which can be used to pay bills and rent, bus fare, and items from Muslim grocery stores. [22] Badr wrote that the services effectively help new immigrants but some women are hesitant to use the services because there are no women on the zakat committee and some women do not want to ...

  7. Alms - Wikipedia

    en.wikipedia.org/wiki/Alms

    Zakat is obligatory when a certain amount of money, called the nisab (or minimum amount), is reached or exceeded. Zakat is not obligatory if the amount owned is less than this nisab. The nisab of gold and golden currency is 20 mithqal, or approximately 85 grams of pure gold. One mithqal is approximately 4.25 grams.

  8. Islamic economics - Wikipedia

    en.wikipedia.org/wiki/Islamic_economics

    Use of Islamic terminology not only for distinctive Islamic concepts such as riba, zakat, mudaraba but also for concepts that do not have specific Islamic connotation—adl for justice, hukuma for government—locking out non-Muslim and even not Arabic speaking readers from the content of Islamic economics and even "giving legitimacy" to ...

  9. Zakat Council - Wikipedia

    en.wikipedia.org/wiki/Zakat_Council

    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]

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