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The General Authority of Zakat, Tax, and Customs (ZATCA) (Arabic: هيئة الزكاة والضريبة والجمارك) is a government agency under the Ministry of Finance in Saudi Arabia that is responsible for the assessment and collection of taxes and zakat, a form of obligatory almsgiving in Islam.
Precious metals. Zakat on Gold, silver, cash and other forms of invisible wealth is collected in four countries, but the assets are assessed differently in the different countries. [43] Treasures buried in the earth. Three countries (Libya, Saudi Arabia, and Sudan) collect zakat for treasures buried in the earth. [43] Wealth that yields income.
Zakat spending as per Holy Quran on 8 categories of people Silver or gold coinage is one way of granting zakat. Zakat (or Zakāh) is one of the five pillars of Islam. Zakat is the Arabic word for "Giving to Charity" or "Giving to the Needy". [a] [3] Zakat is a form of almsgiving, often collected by the Muslim Ummah. [1]
Outlined in this verse are the 8 categories where Zakat is eligible. [ 2 ] jizya - a per capita yearly tax historically levied by Islamic states on certain non-Muslim subjects— dhimmis —permanently residing in Muslim lands under Islamic law , the tax excluded the poor, women, children and the elderly.
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It cannot be done by a minor, an insane person, or someone lacking legal capacity. The person establishing the waqf (the waqif) must designate a specific beneficiary or recipient for the waqf, such as a mosque, a specific individual, or an institution. It cannot be left in his or her discretion.
Verses from the Quran, a primary source of the law of Saudi Arabia. The primary source of law in Saudi Arabia is the Islamic Sharia.Sharia is derived from the Qur'an and the traditions of Muhammad contained in the Sunnah; [3] ijma, or scholarly consensus on the meaning of the Qur'an and the Sunnah developed after Muhammad's death; and qiyas, or analogical reasoning applied to the principles of ...
Saudi Arabia has criminal statutes making it illegal for a Muslim to change religion or to renounce Islam, which is defined as apostasy and punishable by death. [ 57 ] [ 58 ] For this reason, Saudi Arabia is known as 'the hell for apostates', with many ex-Muslims seeking to leave or flee the country before their non-belief is discovered, and ...