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As one of the Five Pillars of Islam, zakat is a religious duty for all Muslims who meet the necessary criteria of wealth to help the needy. [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.
Beneficiaries of zakat include orphans, widowed, poor muslims, debt-ridden, travelers, zakat collectors, new converts to Islam, Islamic clergy. [9] [10] [11] Zakat is prescribed to cleanse the individual's wealth, heart, and baser characteristics in general, and to replace them with virtues. [12]
The Third Pillar of Islam is Zakāt, or alms giving or charity. [17] Zakat means purification which indicates that a payment makes the rest of one's wealth legally and religiously pure. [17] By following this pillar, Muslims have to deduct certain amount of their wealth to support the Islamic community — usually about 2.5% of their wealth.
In Islam, the concept of Muhsi or Muhsin alms-giver or charitable giving is generally divided into voluntary giving, ṣadaqah (صدقة), and an obligatory practice, the zakāh (الزكاة). Zakāh is governed by a specific set of rules within Islamic jurisprudence and is intended to fulfill a well-defined set of theological and social ...
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 ...
The philosophy behind the establishment of the eleven-floor Menara Zakat, with the zakat handling office located on the third floor, serves to symbolize the significance of zakat as the third pillar among the Five Pillars of Islam. [40] This thoughtful design reflects three underlying considerations:
The third pillar is giving Zakat which is the act of giving a percentage of a Muslim's income to certain classes of needy people; this allows Muslims to remember the poor and to never forget that everything belongs to Allah. Therefore they should be thankful for what they have at all times.
In Islam, zakat is a form of compulsory alms-giving, and a religious obligation for those Muslims who are financially affluent. [37] They are required to pay one-fortieth (2.5%) of their total income or money each year to those Muslims who are poor and helpless.