Nisab of zakat

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08
Year
1981
Country
Pakistan
Language
English
Abstract

The article deals with technical procedures and rules of paying zaka . Drawing on numerous ahadith, the author reviews the 2.5% requirement on excess cash assets held by an individual for one year's time. He discusses the requirements of zaka for wealth in livestock (for example, one goat for 5-9 camels) in great detail and he addresses how mich zaka one pays on precious metals. Questions involved regarding changes in value since the Prophet's time are discussed. In the discussion of different Nisab limits for different kinds of wealth (for example, camels and gold) the author concludes that the basic thrust of these limits is to leave the owner tax-free essentials for a one-year period. The outlook of some scholars at zaka and salah (prayer) and sawm (fasting) as analogous in regard to determining who is required to perform the act is seen as problematic. Complex questions of valuation are touched on. As a whole, the piece is devoted to the calculation of and the requirements

English
ISSN/ISBN
0578-8072
No. of Pages
pp.239-259
Volume
203
Select type of work
Name of the Journal
Author(s)
CIS Program Old
CIS publications
No
CIS Thesis
No