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[8] [9] It is a mandatory charitable contribution, often considered to be a tax. [10] [11] The payment and disputes on zakat have played a major role in the history of Islam, notably during the Ridda wars. [12] [13] [page needed] Zakat on wealth is based on the value of all of one's possessions.
The distribution of Zakat al-Fitr is the same as that of Zakat, and is included within its broader sense. Those who may receive Zakat al-Fitr are the eight categories of recipients mentioned in Surat Al-Tawbah, [9: 60]. They include: the poor, the needy, collectors of Zakah, reconciliation of hearts, freeing captives / slaves (fee al-Riqab),
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] Zakat is also payable on agricultural goods, precious metals, minerals, and livestock at a rate varying between 2.5 and 20 percent, depending on the type of goods.
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]
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.
Kerry Washington portrays Lt. Col. Charity Adams in the Netflix film. The real-life leader was born in Kittrell, N.C., on Dec. 5, 1918, and raised in Columbia, S.C.
During Caliph Saidina Uthman Ibn Affan's reign, he implemented measures to improve living standards and bridge the socio-economic gap by increasing the rate of assistance for the asnafs (categories of zakat recipients). [8] Notably, he introduced two categories for zakat: zakat on apparent wealth and zakat on non-apparent wealth. [19]
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