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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 recent times, some state that zakat may be paid to non-Muslims after the needs of Muslims have been met, finding nothing in the Quran or sunna to indicate that zakat should be paid to Muslims only. [61] Additionally, the zakat funds may be spent on the administration of a centralized zakat collection system. [42]
Zakat: Almsgiving, similar to Sunni Islam, it applies to money, cattle, silver, gold, dates, raisins, wheat, and barley. Khums: An annual taxation of one-fifth (20%) of the gains that a year has been passed on without using. Khums is paid to the Imams; indirectly to poor and needy people. Hajj: Pilgrimage to Mecca; Jihad: Striving for the cause ...
Avi testified that the zakat committees were controlled by Hamas starting in 1991. Moreover, conversations captured from the Philadelphia meeting in 1993 had Hamas leader Muin Shabib discussing the zakat committees relationship to Hamas. Another 1991 letter addressed to Baker used similar language implying Hamas control of the zakat charities. [51]
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]
Elon Musk's lawyers faced off with OpenAI in court Tuesday as a federal judge weighed the billionaire's request for a court order that would block the ChatGPT maker from converting itself to a for ...
To get paid to write creative work, forget almost everything you know about freelance writing. Getting your creative writing published is an entirely different beast, and very few people make a ...
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.