Zakat
English: religious tax
Alternate spelling: Zakah
Definition: An obligatory contribution which every wealthy Muslim is required to pay to the Islamic state, or to distribute amongst the poor.
According to Islam, zakat – the third pillar of Islam – purifies wealth and souls. Zakat is levied on cash, cattle, agricultural produce, minerals, capital invested in industry and business.
There are two types of zakat:
Zakat al Fitr, which is payable by every Muslim able to pay at the end of Ramadan. This is also called Zakat al Nafs (poll tax).
Zakat al Maal is an annual levy on the wealth of a Muslim above a certain level. The rate paid differs according to the type of property owned.
News related to Zakat (1,549)
Zakat House of Maldives issues financial statements for February 2024
Wednesday, 03 Apr 2024 | Volume21.Issue15
Correspondent ReportsEnhancing Qard Hasan in Zakat fund distribution for Asnaf entrepreneurs
Tuesday, 26 Mar 2024 | Volume21.Issue13
Special ReportsNew entrant, Zakat campaign and Halal investments in Tanzania
Friday, 01 Mar 2024 | Volume21.Issue10
Correspondent ReportsEmpowering Islamic finance through the launch of Maldives Zakat House
Thursday, 04 Jan 2024 | Volume21.Issue02
Correspondent ReportsAlliance launches Zakat microfinancing
Wednesday, 13 Dec 2023 | Volume21.Issue01
News BriefsLeveraging Zakat and Waqf: Safeguarding food security in the Maldives through innovative approaches
Wednesday, 01 Nov 2023 | Volume20.Issue45
Correspondent ReportsZakat for vulnerable children in Bangladesh
Tuesday, 10 Oct 2023 | Volume20.Issue41
FeaturesZakat training in Uganda
Monday, 21 Aug 2023 | Volume20.Issue34
News BriefsMaybank Islamic launches Zakat auto debit
Wednesday, 26 Jul 2023 | Volume20.Issue31
News BriefsInvesting Zakat funds and its role in stimulating productive activity
Tuesday, 16 May 2023 | Volume20.Issue20
Special ReportsHow to increase Zakat revenue in Indonesia
Tuesday, 04 Apr 2023 | Volume20.Issue14
Special ReportsGFH shifts Zakat responsibility
Thursday, 16 Mar 2023 | Volume20.Issue12
News BriefsInstitutionalizing Zakat in Mauritania: Prospects and challenges
Tuesday, 14 Mar 2023 | Volume20.Issue11
Special ReportsSKMT unveils 2023 Zakat campaign
Monday, 13 Mar 2023 | Volume20.Issue11
News BriefsSKMT unveils 2023 Zakat campaign
Monday, 13 Mar 2023 | Volume20.Issue11
News BriefsSaudi Zakat authority proposes amendments
Wednesday, 01 Mar 2023 | Volume20.Issue10
News BriefsLeveraging technology to boost digital payments of Zakat and Sadaqah in Brunei Darussalam
Tuesday, 07 Feb 2023 | Volume20.Issue06
FeaturesCorporate Zakat to bail out microfinance customers?
Thursday, 10 Nov 2022 | Volume19.Issue46
Correspondent ReportsNew Maldivian Zakat program earmarks financial instruments for families in need
Monday, 07 Nov 2022 | Volume19.Issue45
ReportsCMA introduces Zakat rules for funds
Monday, 29 Aug 2022 | Volume19.Issue35
Asset ManagementTH pays Zakat to MAINPP
Thursday, 25 Aug 2022 | Volume19.Issue35
News BriefsBAZNAS partners with IsDB on Zakat app
Monday, 25 Jul 2022 | Volume19.Issue30
News BriefsZakat as a microfinancing instrument
Tuesday, 24 May 2022 | Volume19.Issue21
Special ReportsUAE to merge Zakat Fund and Waqf authority
Tuesday, 10 May 2022 | Volume19.Issue19
News BriefsIndonesia launches Zakat collection unit
Friday, 22 Apr 2022 | Volume19.Issue17
News BriefsUNHCR releases Zakat report
Thursday, 31 Mar 2022 | Volume19.Issue14
News BriefsBursa disburses Zakat grants
Tuesday, 29 Mar 2022 | Volume19.Issue13
News BriefsPPZ-MAIWP sees increase in Zakat payers
Thursday, 27 Jan 2022 | Volume19.Issue05
News BriefsAmBank Islamic contributes Zakat
Friday, 17 Dec 2021 | Volume19.Issue01
News BriefsTakaful Ikhlas pays Zakat obligations
Monday, 06 Dec 2021 | Volume18.Issue49
TakafulPPZ-MAIWP’s Zakat collection target
Wednesday, 17 Nov 2021 | Volume18.Issue47
News BriefsTH hands over Zakat
Friday, 12 Nov 2021 | Volume18.Issue46
News BriefsZakat microfinancing as a new economic empowerment strategy in Malaysia
Tuesday, 02 Nov 2021 | Volume18.Issue44
Special ReportsBazeem settles Zakat claims with GAZT
Wednesday, 06 Oct 2021 | Volume18.Issue41
News BriefsBAZNAS requests Fatwa on Zakat
Friday, 01 Oct 2021 | Volume18.Issue40
News BriefsUNHCR expands Zakat fund
Tuesday, 07 Sep 2021 | Volume18.Issue36
News BriefsToward measuring the performance of Zakat institutions
Tuesday, 17 Aug 2021 | Volume18.Issue33
FeaturesKNEKS works on Zakat development
Thursday, 01 Jul 2021 | Volume18.Issue27
News BriefsSadaqah and Zakat donations made easier with Feeling Blessed
Wednesday, 23 Jun 2021 | Volume18.Issue26
Correspondent ReportsQatar’s Zakat fund provides funds
Tuesday, 22 Jun 2021 | Volume18.Issue25
News BriefsDIB donates Zakat to Emirates Red Crescent
Wednesday, 16 Jun 2021 | Volume18.Issue25
News BriefsZakat on inventory and investments
Tuesday, 01 Jun 2021 | Volume18.Issue22
FeaturesTH Zakat contributions increase
Monday, 10 May 2021 | Volume18.Issue19
News BriefsPPZ-MAIWP receives Zakat from TH
Friday, 30 Apr 2021 | Volume18.Issue18
News BriefsMaybank targets increase in Zakat payments
Friday, 30 Apr 2021 | Volume18.Issue18
News BriefsIIFA supports UNHCR’s Zakat fund initiative
Tuesday, 20 Apr 2021 | Volume18.Issue16
News BriefsAlgeria turns to Zakat and Waqf to support struggling businesses
Tuesday, 13 Apr 2021 | Volume18.Issue15
ReportsPTPTN contributes Zakat to MAIPs
Monday, 05 Apr 2021 | Volume18.Issue14
News BriefsNo Zakat charges for Ithmaar Holding
Thursday, 01 Apr 2021 | Volume18.Issue14
News BriefsZakat Fund and ADU collaborate
Tuesday, 30 Mar 2021 | Volume18.Issue13
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