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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 for charity.
The Sasanian Empire had a general tax on land and a poll tax having several rates based on wealth, with an exemption for aristocracy. [186] In Iraq , which was conquered mainly by force, Arabs controlled taxation through local administrators, keeping the graded poll tax, and likely increasing its rates to 1, 2 and 4 dinars. [ 186 ]
Sharia prohibits riba, or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba). [4] [5] Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haraam ("sinful and prohibited").
In 2012, Islamic financial analysts estimated annual zakat spending between US$200 billion and US$1 trillion per year, which would be at least 15 times more than global humanitarian aid tracked by the United Nations. [91] Islamic scholars and development workers state that much of this zakat practice is mismanaged, wasted or ineffective. [91]
Most Muslims and most "non-Muslim observers of the Islamic world" believe that interest on loans (also on bonds, bank deposits etc.) is forbidden by Islam. [198] (Such loans—or banks that make them—are sometimes referred to as ribawi, i.e. carrying riba.) [199] [200] [201] This "orthodox" position [Note 32] is fortified by "voluminous and ...
Around 46 privately owned television channels were permitted by the Government of Bangladesh as of 2023, [1] of which thirty-six are currently on air. Six television channels, namely STV-US, CSB News, Channel 1, Diganta Television, Islamic TV, and Channel 16, have been taken off air. Bangladesh has four state-owned television stations, of which ...
Christians who refused to accept the dhimma contract and pay the tax were to have to either convert to Islam, leave or be executed. Wealthy Christians would have to pay half an ounce of gold, the equivalent of $ 664 twice a year; middle-class Christians were to have to pay half that amount and poorer ones were to be charged one-fourth that ...
Islamic government raises revenue "on the basis of the taxes that Islam has established", namely khums (a 20% tax on commercial profits), zakat (a tithe of 2.5%), jizya (a tax on non-Muslims), and kharaj (a tax on land owned by non-Muslims). [50] [note 5] This will be plenty because khums is a "huge source of income". [51]