Arab Zakat. And movable goods and is payable each year after one year s possession. The authority aims to carry out the work of collecting zakat and collecting taxes and achieving the highest degree of commitment by the establishments to the duties imposed on them in accordance with best practices and high efficiency.
Zakat Unites The Community Arab News from arabnews.com
Zakat or zakat al mal means obligatory alms or alms upon wealth it stands as the third pillar of islam coming immediately after salat the daily ritual prayer. When translated to english zakat takes on the meaning of alms giving or charity but this definition is rather misleading as it is not an ordinary type of charitable giving like that associated with the other arabic word for charity sadaqah. زكاة zakāh 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 in importance.
Zakat arabic zakāt an obligatory tax required of muslims one of the five pillars of islam the zakat is levied on five categories of property food grains.
Zakat arabic zakāt an obligatory tax required of muslims one of the five pillars of islam the zakat is levied on five categories of property food grains. Camels cattle sheep and goats. Zakat burden to be borne by the government should be computed through computing two zakat bases for the zakat payer from one of them the sukuk and bonds will be deducted from while disallowed from the other then the difference between both bases will be multiplied by the zakat rate stipulated in the new zakat by law and accordingly the outcome is the amount borne by the government except for specific. Zakat foundation of america is a us based muslim run charity organization that serves needy communities at home and abroad.
