Search results
Results from the WOW.Com Content Network
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] [5] and by Quranic ranking, is next after prayer in importance. [6]
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. [16] However, the amount of zakat paid on capital assets (e.g. money) and stock-in-trade and jewelry is customarily 2.5% (1/40). [8]
An Introduction to Shi'i Islam: The History and Doctrines of Twelver Shi'ism. Yale University Press. ISBN 978-0-300-03531-5. Levy, Reuben (1957). The Social Structure of Islam. UK: Cambridge University Press. ISBN 978-0-521-09182-4. Muhammad Husayn Tabatabaei (2002). Islamic teachings: An Overview and a Glance at the Life of the Holy Prophet of ...
Islamic taxes are taxes sanctioned by Islamic law. [1] They are based on both "the legal status of taxable land" and on "the communal or religious status of the taxpayer". [1] 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 ...
Thus, zakat has to be collected by the muhtasib (collector) or the government (the Islamic state) as a compulsory levy. [10] [volume needed] [page needed] According to the Quran, sadaqa leads to the purification of the benefactor. [3] The Quran says that sadaqa does not need to be in a material form [11] and can also be a "voluntary effort", or ...
Moroccan Sāʿ-messure made of copper for measuring zakāt al-fitr from the time of Meriniden. The Sāʿ (Arabic: صَاعًا and صَۡع in spelling, and sa'e in the Latin alphabet, literally: "one") is an ancient measurement of volume from the Islamic world, with cultural and religious significance.
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.
When used in reference to reform of Islam, it may mean modernism, such as that proposed by Muhammad Abduh; or Salafi literalism, such as that preached by Muhammad Nasiruddin al-Albani [13] ʾIslām (الإسلام) ⓘ "submission to God". The Arabic root word for Islam means submission, obedience, peace, and purity. ʾIsnād (إسناد)