Foreign currency and current accounts are exempted from this deduction.
no a wife cant give zakat or money of zakat to her husband under the masarif of zakat.
there are two type of Zakat: obligatory Zakat and Mustahab (recommended Zakat). Recommended Zakat is same as non obligatory donations. Syed can receive non obligatory Zakat from all. but obligatory only from Syed.
It is Zakat in Arabic as well. :)
No we can not pay zakat in instalment.
following is the difference between Tax and Zakat 1. A tax is levied on all the citizens of the state while Zakat is levied only on the Muslim members of the society. 2. Zakat is a compulsory payment which must be paid by the Muslims and tax is also a compulsory payment but it is remittable by the government of the state. The Zakat is not remit tenable. 3. Zakat has a religious sanctity behind it because it is one of the five pillars of Islam. But a tax is a compulsory contribution to the state to cover the cost of services rendered by it for the general benefit of the people. 4. The rate of Zakat (i.e. 2.5%) is fixed by the God in the Holy Quran and cannot be changed by the government of the state from time to time to meet its requirements. 5. The nature of the sources of Zakat is fixed but the sources of a tax are variable. The sources of a tax can be diversified in accordance with the need of revenue requirements. 6. The income collected from Zakat can only be spent on deserves of Zakat. The specified items of deserves are laid down by the Holy Quran but taxes can be spent on various requirements as determined by the government of a state.
Yes we can pay zakat on our assets.
What is zakat even that needs to be answered first
No zakat on christians but only Muslims.
The Zakat Foundation was created in 2001.
zakat is not compulsory on poor people.... but if you are rich and you dont pay zakat out of arrogance than its a sin
The meaning of zakat is, buying the love of God. If you pay zakat you will get it seven times more than you paid.