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Shias, unlike Sunnis, have traditionally regarded zakat as a private action, and they give zakat to imam-sponsored rather than state-sponsored collectors, but it is also obligatory for them. [19] [20] [21]
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 ...
Sadaqat al-Fitr is a duty which is considered wajib (required) of every Muslim, whether male or female, minor or adult as long as they have the means to do so.. According to Islamic tradition (), Ibn 'Umar said that the Islamic Prophet Muhammad made Zakat al-Fitr compulsory on every slave, freeman, male, female, young and old among the Muslims; one Saa` of dried dates or one Saa` of barley.
Although Muslims are expected to give away 2.5% of their wealth every year, there is no time of year officially designated for Zakat. Y How Muslim Americans meet their charitable obligations: 3 ...
The term sadaqah was used in the Quran and Sunnah for both zakat and charity. Among the differences between them is that in the case of zakat, the amount is fixed, utilized according to that which has been stated by the Islamic Law, and paid only once a year. However charity has no fixed percentage and one is free to pay it as many times as one ...
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.
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