Gather information about Zakat.
Write the information below.
(Take help from books, Internet and people)
Answers
Explanation:
payment made annually under Islamic law on certain kinds of property and used for charitable and religious purposes, one of the Five Pillars of Islam.
This is known as zakat
Answer:
Explanation:
Zakat (Arabic: زكاة zakāh [zaˈkaːh], "that which purifies", also Zakat al-mal [zaˈkaːt alˈmaːl]زكاة المال, "zakat on wealth", or Zakah) is a form of alms-giving treated in Islam as a religious obligation or tax, which, by Quranic ranking, is next after prayer (salat) in importance.
As one of the Five Pillars of Islam, zakat is a religious obligation for all Muslims who meet the necessary criteria of wealth. It is a mandatory charitable contribution, often considered to be a tax. The payment and disputes on zakat have played a major role in the history of Islam, notably during the Ridda wars.
Zakat is based on income and the value of all of one's possessions. It is customarily 2.5% (or 1/40) of a Muslim's total savings and wealth above a minimum amount known as nisab, but Islamic scholars differ on how much nisab is and other aspects of zakat. According to Islamic doctrine, the collected amount should be paid to the poor, the needy, Zakat collectors, those sympathetic to Islam, to free from slavery, for debt relief, in the cause of Allah and to benefit the stranded traveller.
Today, in most Muslim-majority countries, zakat contributions are voluntary, while in a handful (Libya, Malaysia, Saudi Arabia, Sudan, and Yemen), zakat is mandated and collected by the state.
Shias, unlike Sunnis, traditionally regarded zakat as a private and voluntary decision, and they give zakat to imam-sponsored rather than state-sponsored collectors.