zakat
- Business
Sustainable Management of Zakat Assets Based on Crowdfunding
Introduction Zakat, a fundamental pillar of Islam, plays a crucial role in promoting social welfare and alleviating poverty. In Indonesia, the potential of zakat is enormous, but its management often faces challenges related to efficiency and transparency. With the advent of digital technology, crowdfunding has emerged as an innovative solution to optimize zakat management. Crowdfunding allows for broader and more…
Read More » - Islamic Economics
Understanding Corporate Zakat: Insights from the MUI Fatwa Commission
Zakat is one of the five pillars of Islam and has an important role in wealth distribution and poverty alleviation. At the Ijtima of the VII MUI Fatwa Commission in 2021, one of the main discussions was about the obligation of zakat on corporate wealth. This article will review the concept of corporate zakat according to the results of the…
Read More » - Islamic Economics
Corporate Zakat According to AAOIFI
Zakat is one of the five pillars of Islam, mandatory for Muslims who are financially able. Not only individuals, but companies are also obliged to pay zakat if certain conditions are met. AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) has established standards for calculating and paying corporate zakat. This article will explain how corporate zakat is calculated according…
Read More » - Islamic Economics
Investment as a Shar’i Way to Reduce Zakat, How is it Related?
Investing involves allocating money or assets held by individuals or groups with the goal of growing their wealth over time. This can be done through various investment options like stocks, bonds, real estate, or commodities. The purpose of investment is to obtain a return on assets with a higher value in the future. Investment itself is a way for a…
Read More » - Islamic Finance
The Eight Categories of Asnaf: Who Qualifies for Zakat Distribution?
Zakat, one of the five pillars of Islam, is a mandatory charitable contribution that purifies wealth and benefits those in need. In the Quran, Allah said: “Zakāh expenditures are only for the poor and for the needy and for those employed for it1 and for bringing hearts together [for Islām] and for freeing captives [or slaves] and for those in debt…
Read More » - Muslim Lifestyle
Practical Guide to Zakat Fitrah
Zakat fitrah is one of the obligations for Muslims that must be carried out before the Eid al-Fitr holiday. Zakat-ul-Fitr plays an important role in cleansing the wealth and soul as well as helping those in need of food on Eid. In this guide, we will discuss the details of Zakat Fitrah, including the evidence from the Quran and Hadith…
Read More » - Islamic Economics
Implementation of The Zakat System in The Modern Era
What is Zakat? Zakat is the third pillar of Islam, and it is one of the important pillars because relates to society and helps in the well-being public. Zakat term for taking part in treasures that have been required by Allah to be given to entitled groups to accept it. Condition mandatory Muslims giving zakat (Muzzaki) Muslim Baligh Sensible Assets owned…
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