A voluntary act (nafelah) that involves giving or donating to a person or charity. By nature, sadaqa (in Arabic script…

The objectives (maqasid) which shari’a is inherently meant to attain. This embodies the rationale of shari’a as reflected in protecting…

Arabic (فرض عين) for individual duty or obligation. It is an act that is compulsory for every competent Muslim (man…

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

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

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

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

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

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

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