Islamic Tax - Zakat

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!

Juris Hour Team
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

GST Weekly Flashback: 19 to 25 January 2025

Here’s a Goods and Service Tax (GST) Weekly Flashback from 19 to…

GST Applicable On Services Provided By Facility Management Agency To Municipal Corporation Of Delhi Headquarters, Clarifies FinMin

The Finance Ministry has clarified that the GST is applicable on the…

Section 87A Rebate PIL Disposed Of By Bombay High Court: Issue Of Adjudication Of Eligibility Of Rebate Left To Dept.

The Bombay High Court has disposed of the Public Interest Litigation (PIL)…

Delhi High Court Grants Status-Quo On Mid-Term Review Of Tariff Rate Quota For Concessional Gold Import Under India-UAE Bilateral Trade Agreement

In a significant victory for bullion importers from UAE under India UAE…