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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.
[14] [15] It is customarily 2.5% (or 1 ⁄ 40) [16] of a Muslim's total savings and wealth above a minimum amount known as nisab each lunar year, [17] but Islamic scholars differ on how much nisab is and other aspects of zakat. [17] According to Islamic doctrine, the collected amount should be paid to the poor and the needy, Zakat collectors ...
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.
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]
Islamic Relief Worldwide is an international NGO and "Muslim development and relief organization" founded in the United Kingdom in 1984. [2] [3] It has international headquarters in Birmingham and a network of national offices, affiliated partners, registered branches and country offices spread over more than 40 countries.
The taxes stipulated by Islamic law generally did not generate enough revenue even for the limited expenditures made by pre-modern governments, and rulers were forced to impose additional taxes, which were condemned by the ulema. [10] According to scholar Murat Çizakça, only zakat, jizya and kharaj are mentioned in the Buktasira.
Muslim Charities Forum was founded by the initiative of Hany El Banna [11] and was registered in the United Kingdom as a charity [12] in November 2008.. Its members include well-known UK based international Muslim-led NGOs, including African Relief Fund, African Development Trust Human Appeal, Human Relief Foundation, Islamic Help, Islamic Relief UK, Muslim Charity, Muslim Hands, Ethar Relief ...
The IZO was founded in late 2008 by the Government of Malaysia.In May 2007, the Hon. Dato’ Seri Syed Hamid Albar, Minister of Foreign Affairs of Malaysia, had tabled a resolution for the formation of the International Zakat Organization at the thirty-fourth session of the Islamic Conference of Foreign Ministers of the Organisation of the Islamic Conference in Islamabad.
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