Back
You are here: Home 
Library Islam Islam: Faith, Practice & History Part II: Laws & Ethics Lesson 31-Islamic Economic System (2) 3. Recommended ZakÄt
Library Islam Islam: Faith, Practice & History Part II: Laws & Ethics Lesson 31-Islamic Economic System (2) 3. Recommended ZakÄt
3. Recommended ZakÄt
- Details
- Hits: 2073
3. Recommended ZakÄt
All other forms of charity are considered as sunnat zakÄt or sunnat sadaqah. The levels of voluntary charity has already been discussed in the previous lesson. Here I would like to mention one more sunnat zakÄt: If a business man buys certain merchandise for investment and it remains in his inventory for a full year, then it is recommended that he should pay the zakÄt on that particular merchandise at the rate of 2.5% of its market value. This recommendation is applicable only if the value of that merchandise is at least equal to 69 grams of gold.
