Filter by Categories
Accounting
Banking

Zakat Exemption Limit

The lowest amount of money/wealth/savings that, if reached or exceeded, makes zakah (zakat) obligatory. It is not obligatory, that is…

Zakah Receptacle

In the context of companies and businesses, it is the excess of zakatable assets over short-term liabilities. Zakatable assets are…

Zharia’a

An Arabic word that carries the meaning of pretext, ploy, ruse, alleged reason, means, and so on. In Arabic script,…

Zakah on Investment Funds

Fund management is not required to pay zakah on the assets of the fund unless if it is mandatory by...

Zakat Rate

Zakat is a capital tax levied on total net accumulated wealth (net assets), or assets after deducting all debts at...

Zakatable Assets

In an Islamic bank, zakatable assets refer to a set of assets that constitute the overall (broader) zakah base (zakah...

Zakatable Items

In an Islamic bank, zakatable items refer to a set of assets that constitute the overall (broader) zakah base (zakah...

Zakah Rate

Zakah is a capital tax levied on total net accumulated wealth (net assets), or assets after deducting all debts at...

Zakat Base

In the context of companies and businesses, it is the excess of zakatable assets over short-term liabilities. Zakatable assets are...

Zakat al-Mutarabbis

Arabic (زكاة المتربص) for zakah/ zakat that is to be paid by an expectant trader (in Arabic spelling, al-mutrabbis)- i.e.,...