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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 ...
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 ] It is considered in Islam a religious obligation, [ 4 ] [ 5 ] and by Quranic ranking, is next after prayer ( salat ) in importance. [ 6 ]
Islamic religious leaders have traditionally been people who, as part of the clerisy, mosque, or government, performed a prominent role within their community or nation. However, in the modern contexts of Muslim minorities in non-Muslim countries as well as secularised Muslim states like Turkey, and Bangladesh, the religious leadership may take ...
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 Islamic terminology, sadaqah has been defined as an act of "giving something... without seeking a substitute in return and with the intention of pleasing Allah." [ 5 ] Meanwhile, according to Ar-Rageeb al-Asfahaani “Sadaqa is what the person gives from what he possesses, like Zakat , hoping to get closer to Allah."
The free market principle is an Islamic principle as cited per the primary islamic source in the Quran. [ citation needed ] Islam considers commodities with intrinsic value as currency . [ citation needed ] The following are some examples of commodities that can be used as currency: gold (as Gold Dinar ), silver (as Silver Dirham ), dates ...
These days, you can get a deal on anything. Even salvation! Pope Benedict has announced that his faithful can once again pay the Catholic Church to ease their way through Purgatory and into the ...
Following the death in 632 AD of Muhammad, Islam spread far and wide within a very short period, much of this occurring through an initial establishment and subsequent expansion of an Islamic Empire through conquest, such as that of North Africa and later Spain (), and the Islamic conquest of Persia putting an end to the Sassanid Empire and spreading the reach of Islam to as far east as ...