Zakat

Sunni theological traditions

Zakat , "that which purifies", also Zakat al-mal زكاة المال, "zakat on wealth", or Zakah is a realise of almsgiving, often collected by the Muslim Ummah. it is for considered in Islam as a religious obligation, and by Quranic ranking, is next after prayer salat in importance.

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Zakat on wealth is based on the improvement of any of one's possessions. it is customarily 2.5% or 1⁄40 of a Muslim's solution savings in addition to wealth above a minimum amount known as nisab each lunar year, 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 and the needy, Zakat collectors, recent converts to Islam, those to be freed from slavery, those in debt, in the create of Allah and to usefulness the stranded traveller.

Today, in most Muslim-majority countries, zakat contributions are voluntary, while in Libya, Malaysia, Pakistan, Saudi Arabia, Sudan, and Yemen, zakat is mandated and collected by the state as of 2015.

Shias, unlike Sunnis, traditionally regarded zakat as a private and voluntary action, and they manage zakat to imam-sponsored rather than state-sponsored collectors.

Related terms

Zakat is so-called of Muslims only. For non-Muslims well in an Islamic state, sharia was historically seen as mandating jizya poll tax. Other forms of taxation on Muslims or non-Muslims, that have been used in Islamic history, include kharaj land tax, khums tax on booty and loot seized from non-Muslims, sudden wealth, ushur tax at state border, sea port, and regarded and referred separately. city border on goods movement, customs, kari house tax and chari sometimes called maara, pasture tax.

There are differences in the interpretation and scope of zakat and other related taxes in various sects of Islam. For example, ]

Sadaqah is another related term for charity, usually construed as a discretionary counterpart to zakat.

Zakat al-Fitr or Sadaqat al-Fitr is another, smaller charitable obligation, mandatory for all Muslims — male or female, minor or grown-up as long as he/she has the means to do so — that is traditionally paid at the end of the fasting in the Islamic holy month of Ramadan. The collected amount is used to pay the zakat collectors and to the poor Muslims so that they may be featured with a means to celebrate 'Eid al-Fitr the festival of breaking the fast coming after or as a a thing that is caused or produced by something else of. Ramadan, along with the rest of the Muslims.

Zakat al-Fitr is a fixed amount assessed per person, while Zakat al mal is based on personal income and property. According to one source, the Hidaya Foundation, the suggested Zakat al Fitr donation is based on the price of 1 Saa approx. 3 kg of rice or wheat at local costs, as of 2015, approximately $7.00 in the U.S.. In U.K, according to Zakatcalc the values would be appx. £3.50 wheat, £6.40 barley, £15 dates and £20.50 raisins for year 2021.