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Islam portal. v. t. e. 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 ] It is considered in Islam a religious obligation, [ 4 ...
Islamic taxes include. 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. kharaj - a land tax initially imposed only on non-Muslims but soon after mandated for Muslims as well.
v. t. e. In Sharia (Islamic Law) niṣāb (نِصاب) is the minimum amount of wealth that a Muslim must have before being obliged to give zakat. Zakat is determined based on the amount of wealth acquired; the greater one's assets, the greater the zakat value. Unlike taxable income in secular states, niṣāb is not subject to special exemptions.
e. In Islam, khums (Arabic: خُمْس Arabic pronunciation: [xums], literally 'one fifth') refers to the required religious obligation of Muslims to pay 20% of their acquired wealth from certain sources toward specified causes. It is treated differently in Shia and Sunni Islam. This tax is paid to the imam, caliph or sultan, representing the ...
Riba (Arabic: ربا ,الربا، الربٰوة, ribā or al-ribā, IPA:) is an Arabic word used in Islamic law and roughly translated as "usury": unjust, exploitative gains made in trade or business. Riba is mentioned and condemned in several different verses in the Qur'an (3:130, 4:161, 30:39, and most commonly 2:275-2:280). [1]
The Five Pillars of Islam (arkān al-Islām أركان الإسلام; also arkān ad-dīn أركان الدين "pillars of the religion ") are fundamental practices in Islam, considered to be obligatory acts of worship for all Muslims. They are summarized in the hadith of Gabriel. [1][2][3][4] The Sunni and Shia agree on the basic details of ...
Fi sabilillah. The phrase fi sabilillah (فِي سَبِيلِ ٱللَّٰهِ, fī sabīli llāh) is an Arabic expression meaning "in the cause of God ", or more befittingly, "for the sake of God". [1] Alternative spellings for fi sabilillah include fisabilillah and fisabillillah. The phrase - which relates the distribution of zakat - is ...
t. e. The Shahada (Arabic: الشَّهَادَةُ aš-šahādatu; Arabic pronunciation: [aʃʃahaːdatʊ], 'the testimony'), [note 1] also transliterated as Shahadah, is an Islamic oath and creed, and one of the Five Pillars of Islam and part of the Adhan. It reads: "I bear witness that there is no deity but God, and I bear witness that ...
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