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The Zakat Handbook
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Charity in Islam
Charity is a most essential pillar not only for individuals and particular communities, but for the whole of humankind to live a happy life. Muslims are instructed to offer zakat from that which God has benevolently bestowed on them in order to attain innumerable spiritual, ethical, and social goals. The areas included in the consideration of zakat, in Islam, are far greater than those generally applied to charity as zakat is simply not an arbitrary charity nor a supererogatory donation handed out according to each benefactor's wish. This book seeks to explore zakat in Islam, one of the obligatory acts of worship with a prescribed time, minimum amount, prerequisites, benefactors and recipients-all perfectly explained and regulated in the Islamic jurisprudence in order to smooth the progress of its fulfillment by its adherents. Charity in Islam and other faiths, Benefactors and recipients of zakat, Requirements of the property subject to zakat, Places of disbursement of zakat, Individual and social benefits of zakat. Book jacket.
Zakat Practical Guide
Traditionally, gold and silver were considered stores of value. With the passage of time, new forms eof wealth have emerged ranging from land and building to shares, bonds, fixed deposits, currencies, annuities, insurance policies, wallets, MF, PF, et al, with ownership in sole proprietorship concerns, partnership firms, private companies, public companies, trusts, and societies. This requires expertise in finance and accounting while applying principles of zakat for determining zakat liability accurately. The book “Zakat Practical Guide” is an exercise in calculating zakat liability on all types of wealth. Besides the basic concepts, the book contains a number of case studies for the calculation of the zakat of salaried persons, manufacturers, businessmen, professionals, investors, and agriculturists. Truly it is a practical guide.
Application Of Zakat: From Classical And Contemporary Perspective
Zakat, being the third pillar of Islam, is an act of worship fulfilled by Muslims. As an obligatory means of alms- giving expected of Muslims, it also helps to alleviate poverty in society by assisting such individuals to achieve a state of financial independence. It is maintained by Muslims that the principles of zakat derived from the Sharia are expected to remain unchanged with passing time. However, in order to achieve efficiency in the administration of zakat, innovation and technology can be used even within the parameters of Sharia. The objective of this textbook is to provide the opportunity to learn the basics of zakat and its contemporary application by highlighting the innovative practices of zakat with issues and challenges.
Corporate Islam
This compelling account offers a unique insight into the modern Islamic corporation.
Zakat
For many the concept that zakat as a pillar has fallen will come as a shock, but for others this will supply the key to the recovery of the deen itself and thus success. After substantiating the proposition that the pillar has fallen and the reasons for that, Zakat - Raising a Fallen Pillar comprises a complete overview of the fiqh of zakat, and then the road to its recovery. Given that zakat is an act of worship carried out by means of wealth and monetary matters, the second section, The Gold Dinar and the Islamic Money System, investigates this, giving particular attention to currency and the importance of the open market established by the Prophet and assumed by Islamic fiqh. The auth...
The Shift in Zakat Practice in Indonesia
Zakat, one of Islam's Five Pillars, is the practice of giving a fixed proportion of one's financial assets to those in need, thereby purifying both one's soul and one's remaining wealth. In Indonesia, since the coming of Islam, zakat has been a means of worship, and its collection has been voluntary and decentralized. Arskal Salim's study argues that in the post-New Order regime (1966-1998) zakat practice changed structurally and institutionally through the enactment of a law on zakat management, followed by the establishment of a national zakat agency. A cultural shift is now in progress with two possible outcomes: either zakat collection will become compulsory and centralized or it will become such an intricate part of taxation law that it loses its spiritual relevance.
Impact of Zakat on Sustainable Economic Development
Zakat, a religious obligation in the form of almsgiving, is highly important both in Islam and in the Islamic economy. As Muslim communities face financial hardships around the world, Zakat has emerged as a vital component within these communities and could play a major role in sustainable economic development by helping society to alleviate poverty and promote social equality. Impact of Zakat on Sustainable Economic Development is a pivotal reference source that contributes practical solutions and knowledge production in alleviating poverty in Muslim countries by adopting Islamic approaches to contemporary socio-economics and the importance of Zakat in sustaining development and supporting the welfare of society. Featuring coverage on a wide range of topics such as corporate governance, ethics, and sustainable economic development, this book is ideally designed for economists, government officials, regulators, entrepreneurs, financial professionals, religious authorities, researchers, academicians, and students at the postgraduate level.
Divine Money
Zakat giving or mutual aid is a sacred practice in Islam. Where government and public safety nets fail, zakat serves as a form of social security in Muslim communities. In Divine Money, Emanuel Schaeublin shows how zakat institutions and direct zakat donations function in contemporary Palestine. Based on his ethnographic fieldwork in the city of Nablus, Schaeublin traces zakat flows as they provide critical support to households living under military rule and security surveillance. In the neighborhoods of Nablus, the Islamic tradition shapes public life. Many enact simple gifts of money of food as an expression of God's generosity and justice. How do such invocations of the divine enable people to negotiate responsibilities and tensions arising from differences in wealth in Palestinian society? What is the role of zakat in confronting political repression and economic instability?
Zakat Calculation
This guidebook is an excellent reference for average readers on the concept, objectives, nature and principles underlying zakat (charity) in Islam.
