concept   zakat

4 commonsense assertions
Cultures (4) Muslim-majority countries (1) Islamic cultures (1) Islamic finance (1) Muslim countries (1)
# Concept Culture Statement Freq.
1 zakat Muslim-majority countries In Muslim-majority countries, zakat is a mandatory form of almsgiving, calculated as 2.5% of one's wealth, and is considered an important pillar of Islamic finance. 2
2 zakat Islamic cultures Mandatory charitable giving in Islamic cultures, known as zakat, is typically calculated as a percentage of one's wealth. 1
3 zakat Islamic finance Zakat is a significant obligation in Islamic finance for wealth distribution through charitable giving. 1
4 zakat Muslim countries Zakat is an obligatory form of almsgiving for Muslims, integral to Islamic finance and social welfare. 1