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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 (salat) in importance. [ 6 ] Eight heads of zakat are mentioned in the Quran.
Sharia plays no role in the judicial system. Sharia applies in personal status issues only. Sharia applies to personal status issues and criminal law. Sharia states: Until 1999, Sharia applied primarily to civil matters, but twelve of Nigeria's thirty-six states have since extended Sharia to criminal matters. [ 64 ]
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.
t. e. In Twelver Shia Islam, the Ancillaries of the Faith (Arabic: فروع الدين furūʿ ad-dīn) are a set of practices that Shia Muslims have to carry out. [1][2][3] According to Twelver doctrine, what is referred to as pillars by Sunni Islam are called the practices or secondary principles or obligatory acts. [citation needed]
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 ...
t. e. Islamic banking, Islamic finance (Arabic: مصرفية إسلاميةmasrifiyya 'islamia), or Sharia-compliant finance[ 1 ] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit ...
Islam in Pakistan. Islam is the largest and the state religion of the Islamic Republic of Pakistan. Pakistan has over 236 Million adherents of Islam (including the administrative territory of Azad Kashmir [ 6 ] and Gilgit Baltistan [ 7 ] ). [ 8 ][ 9 ] As much as 90% of the population follows Sunni Islam.
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