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Gifts in kind, also referred to as in-kind donations, is a kind of charitable giving in which, instead of giving money to buy needed goods and services, the goods and services themselves are given. Gifts in kind are distinguished from gifts of cash or stock. Some types of gifts in kind are appropriate, but others are not. [1]
The word zakah (meaning the obligatory zakah) occurs 30 times in the Quran—27 times linked with prayer, three times not so-linked. [Quran 41:7] The word sadaqah (non-obligatory charity) and its plural (sadaqat) occur 13 times in the Qur'an. [9] " Sadaqat" is used in the Quran to cover all kinds of charity.
A donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as blood or organs for transplant. Charitable donations of goods or services are also called gifts in kind. [1]
The term in kind (or in-kind) generally refers to goods, services, and transactions not involving money or not measured in monetary terms. [1] It is a part of many spheres, mainly economics, finance, but also politics, work career, food, health and others. There are many different types of in kind actions throughout the mentioned branches ...
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".
This, the idea of Guru Ki Golak (meaning "Guru's treasury") was devised. [5] The Masands (ministers and the tithe-collectors) had the responsibility of collecting " kar bhet " ( seva offerings) and dasvandh donations from the Sikhs in the region they were stationed in, and to then ensure these were in-turn given to the Guru.
In the Middle Ages, Maimonides conceived of an eight-level hierarchy of tzedakah, where the highest form is to give a gift, loan, or partnership that will result in the recipient becoming self-sufficient instead of living upon others. In his view, the second highest form of tzedakah is to give donations anonymously to unknown recipients. [2]
Fidyah (also romanized as fidya) is a religious donation of money or food made to help those in need.. Fidyah is made for fasts missed out of necessity, where the person is unable to make up for the fast afterwards – for example, if someone cannot fast for the required number of days due to ill health, pregnancy or of extreme age (old or young). [2]