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Islamic taxes include. zakat - one of the five pillars of Islam. Only imposed on Muslims, it is generally described as a 2.5% tax on savings to be donated to the Muslim poor and needy. [1][2] It was a tax collected by the Islamic state. kharaj - a land tax initially imposed only on non-Muslims but soon after mandated for Muslims as well.
Islam portal. v. t. e. Jizya (Arabic: جِزْيَة, romanized: jizya), or jizyah, [1] is a type of taxation historically levied on non-Muslim subjects of a state governed by Islamic law. [2] The Quran and hadiths mention jizya without specifying its rate or amount, [3] and the application of jizya varied in the course of Islamic history.
e. In Islam, khums (Arabic: خُمْس Arabic pronunciation: [xums], literally 'one fifth') refers to the required religious obligation of Muslims to pay 20% of their acquired wealth from certain sources toward specified causes. It is treated differently in Shia and Sunni Islam. This tax is paid to the imam, caliph or sultan, representing the ...
v. t. e. Kharāj (Arabic: خراج) is a type of individual Islamic tax on agricultural land and its produce, regardless of the religion of the owners, developed under Islamic law. [1] With the first Muslim conquests in the 7th century, the kharaj initially was synonymous with jizyah and denoted a lump-sum duty levied upon the lands of ...
t. e. Islamic economics (Arabic: الاقتصاد الإسلامي) refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. [ 1 ] Islam has a set of special moral norms and values about individual and social economic behavior.
Islamic banking, Islamic finance (Arabic: مصرفية إسلامية masrifiyya 'islamia), or Sharia-compliant finance[1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing and ...
Mawlā (Arabic: مَوْلَى, plural mawālī مَوَالِي), is a polysemous Arabic word, whose meaning varied in different periods and contexts. [1] Before the Islamic prophet Muhammad, the term originally applied to any form of tribal association. [2] In the Quran and hadiths it is used in a number of senses, including 'Lord', 'guardian ...
Farida (given name) Farida (Arabic: فريدة) is an Arabic feminine given name, meaning unique/ precious pearl. In Urdu it is spelled and pronounced the same way as Arabic. In Turkish it is spelled as Feride. In Persian, the name is rendered as Farideh (Persian: فریده) in the Iranian dialect, but Farida (Фарида) in the Afghan and ...