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What is Zakat

Impact of Zakat on Sustainable Economic Development
Is a mandatory process for Muslims who meet some necessary conditions, and is considered a form of worship. In the Arabic language, zakat means purity, growth, and blessing.
Published in Chapter:
Evaluating the E-Quality of Zakat Institutions Websites: Evidence From MENA Countries
Maged Mohamed Gazar (Institute of Public Administration, Saudi Arabia)
Copyright: © 2021 |Pages: 13
DOI: 10.4018/978-1-7998-3452-6.ch004
Abstract
This chapter aims to develop a quality index for zakat institutions websites (ZIWs). In addition, this chapter aims to evaluate the electronic quality dimensions of ZIWs in 10 Islamic countries in the MENA region (i.e., Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Saudi Arabia, Sudan, and UAE). Further, this chapter aims to suggest some improvements to the quality of the 10 ZIWs, which may have a low-quality index. The proposed e-quality index consists of 6 dimensions and 40 items. The countries with the top-quality score were Saudi Arabia (95%) and UAE (88%). The countries with the lowest quality score were Bahrain (41%) and Algeria (13%). The remaining countries had an average value of the quality indicator, that is, Lebanon (68%), Oman (56%), Sudan (55%), Egypt (54%), Jordan (51%), and Kuwait (50%). The chapter concluded with some recommendations to improve the quality of ZIWs in the selected MENA countries.
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The third pillar of Islam; a donation that Muslims regard as a mandatory act within their faith; a compulsory act of worship that requires a Muslim who owns wealth equal to or above the nishab (pre-defined threshold) to donate 2.5% of their wealth to eligible recipients; a religious obligation, ordering all Muslims who meet the necessary criteria to donate a certain portion of wealth each year to charitable causes; 2.5% of wealth that has been in one's possession for a lunar year; one of the five pillars of Islam and an act of worship.
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Islamic Work Ethic: A Content-Analysis Based Literature Review
One of the five pillars of Islam, which orders the distribution of one-fortieth of the wealth and money owned by the rich.
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A compulsory act of worship that requires a Muslim who owns wealth equal to or above the nishab (pre-defined threshold) to donate 2.5% of their wealth to eligible recipients; a religious obligation, ordering all Muslims who meet the necessary criteria to donate a certain portion of wealth each year to charitable causes; 2.5% of wealth that has been in one's possession for a lunar year; one of the five pillars of Islam and an act of worship.
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Crowdfunding Framework in Islamic Finance
Fourth pillar of Islamic faith and obligatory on all wealthy Muslims. It is an act of given some predetermined part of ones wealth to the poor sections of the society.
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Determinants of Zakat Payment to Zakat Institution: The Case of Tunisia
It represents the third pillar of Islam. Religious tax that Muslims are obligated to pay, on their accumulated wealth.
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Is Zakat Capable of Alleviating Poverty and Reducing Income Inequality?: An Analysis of the Distribution of Zakat Fund in Malaysia
Payment made annually under Islamic law on certain kinds of property and used for charitable and religious purposes, one of the Five Pillars of Islam.
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Obligatory payment made annually under Islamic law on certain kinds of property and used for charitable and religious purposes.
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A compulsory sum of money that has to be given to the less well-off ones of the society in accordance with the principles of the Qur’an and Hadith .
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This is a compulsory obligation payable annually by Muslims at the rate of 2.5% on net incomes that is benchmarked by Islamic law at 20 Dinar worth of gold or 200 Dirham worth of silver.
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