Understanding Zakat in Islam: Its Definition, Types, and Calculation
Definition of Zakat: Zakat is one of the five pillars of Islam. It’s a financial act of worship aimed at distributing wealth among members of the Muslim community. This distribution ensures economic balance, equity, and provides support to the needy and impoverished. Types of Zakat: Zakat on Wealth (Zakat Al-Mal): This involves paying a specific …
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