RELIGIONS
ISLAM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Stranger on the streets
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Traveler
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Not allowed to give money
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Organizations
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Detailed explanation-1: -Zakat is an Islamic finance term referring to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat is mandatory for all Muslims in most countries and is considered to be a form of worship.
Detailed explanation-2: -As a matter of faith, a Muslim cannot lend money to, or receive money from someone and expect to benefit – interest (known as riba) is not allowed. To make money from money is forbidden – wealth can only be generated through legitimate trade and investment in assets.
Detailed explanation-3: -One is a Muslim. One’s zakatable wealth rises to a minimum threshold (nisab). A lunar year (hawl) passes while one’s zakatable wealth sustains the minimum threshold.