enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Calculation of Zakāt - Wikipedia

    en.wikipedia.org/wiki/Calculation_of_Zakāt

    Zakat is based on income and the type and value of one's assets/possessions [13] [14] above a minimum amount known as nisab. [7] [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 ...

  3. Nisab - Wikipedia

    en.wikipedia.org/wiki/Nisab

    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.

  4. Zakat, Tax and Customs Authority - Wikipedia

    en.wikipedia.org/wiki/Zakat,_Tax_and_Customs...

    The General Authority of Zakat, Tax, and Customs (ZATCA) (Arabic: هيئة الزكاة والضريبة والجمارك) is a government agency under the Ministry of Finance in Saudi Arabia that is responsible for the assessment and collection of taxes and zakat, a form of obligatory almsgiving in Islam.

  5. Zakat - Wikipedia

    en.wikipedia.org/wiki/Zakat

    Zakat al-Fitr is a fixed amount assessed per person, while Zakat al mal is based on personal income and property. [107] According to one source, the Hidaya Foundation, the suggested Zakat al Fitr donation is based on the price of 1 Saa (approx. 3 kg) of rice or wheat at local costs, (as of 2015, approximately $7.00 in the U.S.).

  6. Sadaqah - Wikipedia

    en.wikipedia.org/wiki/Sadaqah

    The word sadaqa is interchangeably used with zakat and nafaqa in some contexts, [3] but while zakat is obligatory, sadaqa usually refers to voluntary donations. [ 1 ] 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 ...

  7. How to calculate your net worth —and why your net worth ...

    www.aol.com/article/finance/2017/03/15/how-to...

    To compare your net worth based on others your age who have the same income, try this calculator from CNN Money, which shows that the median net worth for a 28-year-old with a $35,000 annual ...

  8. Alms - Wikipedia

    en.wikipedia.org/wiki/Alms

    Zakat is obligatory when a certain amount of money, called the nisab (or minimum amount), is reached or exceeded. Zakat is not obligatory if the amount owned is less than this nisab. The nisab of gold and golden currency is 20 mithqal, or approximately 85 grams of pure gold. One mithqal is approximately 4.25 grams.

  9. Zakat Council - Wikipedia

    en.wikipedia.org/wiki/Zakat_Council

    In Pakistan Zakat is levied on sahib-e-nisab, i.e. a person who owns or possesses assets liable to Zakat under Shariah equal to or more than nisab, (about US $300, calculated according to the value of 612.32 grams of silver [6]). [1] There are eleven types of assets liable to Zakat "detailed in 1st schedule of Zakat & Ushr Ordinance 1980". [7]