Zakat is a mandatory donation of a portion of a Muslim’s wealth to charity, and is one of the five pillars of Islam. Zakat is an Arabic word that means “giving to charity” or “giving to the needy”. It is a religious obligation for Muslims who meet certain criteria.
Hit Subscribe for all things tax, finance, and wealth management every week!
Latest posts by Juris Hour Team (see all)
- Justice Yashwant Varma Files Supreme Court Petition Under ‘XXX’ Alias, Challenges Ouster Proceedings Over Cash Controversy - July 28, 2025
- E-Way Bill Lapse Alone Not Enough For Imposing GST Penalty: Himachal High Court - July 1, 2025
- RBI Amends FEMA Rules: Offshore Support Vessels to Be Re-imported into India - July 1, 2025