zakat


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zakat

(zə-kät`) [Arab.,=purification], Islamic religious tax, one of the five basic requirements (arkan or "pillars") of Islam. All adult Muslims of sound mind and body with a set level of income and assets are expected to pay zakat. Zakat is due yearly on certain types of property and is distributed to eight categories of individuals specified by the Qur'an. These categories are usually defined to include orphans, the poor, travelers, beggars, debtors, slaves, and the efforts to propagate Islam. Zakat is payable, at different rates, on crops, harvests, herds, gold and silver, and merchandise. For gold and silver, which is understood to include all liquid assets, the rate is 2.5%. Being religiously prescribed, zakat is distinct from charity (sadaqa) which is voluntary. Zakat is essentially a personal exercise with no intermediary control, and could be given directly to its recipients, although a central treasury often collects it. In recent times, Pakistan, Sudan, and Saudi Arabia have enacted legislation to enforce the zakat.

Zakat

 

(Arabic, ‘‘purification”), a religious “purifying tax” among the Muslims; it is prescribed in the Koran and its size and the rules concerning its use are discussed in the sharia. The zakat was designed for the maintenance of Muhammad and his family and for aid to the poor, travelers, and the participants in the “holy wars1’(jihad). In the feudal Muslim state, the zakat was levied (only from Muslims) on cattle, handicrafts, trade profits, personal money, and precious stones and jewels. Today, the zakat is a voluntary contribution to the Muslim clergy.

References in periodicals archive ?
The introduction of the zakat system in Pakistan is indeed a unique experiment of transforming religious ideals in practical institutions.
He appreciated the performance of the District Zakat Committee for fair and transparent distribution of zakat funds in different heads.
Alhaji Abdul Ganiy expressed concern that zakat, a critical economic and social security aspect, had been the most neglected of the five pillars of Islam due to lack of sustainable structures to drive it.
Similarly, the Zakat department has also acquired Rs 4.
The minister said that the role of zakat department was very pivotal in providing financial support to the impecunious strata at the grassroots.
The Zakat Fund official explained that those who are eligible to receive Zakat include the underprivileged, new Muslims, people in debt, orphans and their families, the sick, elementary students, higher education students, the unemployed, people with disabilities and those who require urgent aid.
Aid Trabelsi, chef de cabinet du ministre des Affaires sociales, a mis l'accent sur le role de la Zakat dans la reduction des inegalites, soulignant que son departement a cree recemment une cellule chargee de l'economie solidaire.
18 lak for patients of Leprosy have been allocated in zakat budget 2016-17.
In this paper, we discuss how the institution of Zakat can help in generating development funds and contribute in reducing poverty.
Abu Dhabi - The Zakat Fund received over Dh178 million from its donors in the last four years.
By definition of the word, zakat means 'grow,' 'develop,' 'fertile' and 'keep on adding,' according to verse 103 of surah At-Taubah, zakat means to cleanse or to purify.
He was speaking at the signing ceremony of MoU between Provincial Zakat and Ushr Department and Telenor regarding distribution of Zakat through Easypaisa among Mustahkeen at a local hotel here today.