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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…

Minimum Zakatable Amount

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

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...

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.,...

Nisab

Arabic (نصاب) for the lowest amount of wealth that, if reached or exceeded, makes zakah (zakat) obligatory. It is not...

Zakah

Zakah is one of the five pillars of Islam (in addition to shahada- i.e., pronounced and believed-in faith, prayer, fasting,...

Zakat

Zakat is one of the five pillars of Islam (in addition to shahada- i.e., pronounced and believed-in faith, prayer, fasting,...