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Tag Archives: ZAKAT

ZAKAT and RIBA – Are they connected?

The common perception about ‘Zakat’ is that it is a 2.5% religious tax on your assets. However, this idea is not supported by the Quran at all. Zakat is not restricted to money as we shall see.   OUR OBLIGATIONS 008:041 And know that, surely whatever profit/ghanim you acquire from anything, then indeed one-fifth (20%) of it is for Allah …

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