Zakat

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Zakat (or Zakāh) is one of the Five Pillars of Islam. Zakat is the Arabic word for "giving to charity" or "giving to the needy". Zakat is a form of almsgiving, often collected by the Muslim Ummah. It is considered in Islam a religious obligation, and by Quranic ranking, is next after prayer (salah) in importance. Eight heads of zakat are mentioned in the Quran. As one of the Five Pillars of Islam, zakat is a religious duty for all Muslims who meet the necessary criteria of wealth to help the needy. It is a mandatory charitable contribution, often considered to be a tax. The payment and disputes on zakat have played a major role in the history of Islam, notably during the Ridda wars. Zakat on wealth is based on the disposable income of an individual after fulfilling all their essential needs. It is customarily 2.5% (or 1⁄40) of a Muslim's total disposable income after the necessities of their dependents and themselves, and Muslims who do not hold wealth above a minimum amount known as nisab...

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