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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]
Caliph `Umar ibn Al-Khattāb was the first Muslim ruler to levy ushr. [citation needed] khums (Arabic: خُمْس Arabic pronunciation:) a tax of one-fifth (20%) of wealth acquired as the spoils of war; and, according to most Muslim jurists, other specified types of income, towards various designated beneficiaries. [7]
Zakāt" on Livestock or cattle, Al-An'am Arabic: زكاة الأنعام [30] According to Fiqh az-Zakat by al-Qaradawi [31] and other traditional handbooks of zakat fiqh (such as one issued by IslamKotob, [32]) zakat on livestock such as sheep, cows and camels should be paid in-kind according to a detailed schedule.
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.
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, deeds, property, or salutations. [13] The term sadaqah was used in the Quran and Sunnah for both zakat and charity.
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 ...
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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.