Zakah: Is it Impossible on Income or on Capital? الزكاة هل هي مفروضة على الدخل أم على رأس المال ؟
Rafic Yunus Al-Masri ()
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Rafic Yunus Al-Masri: Islamic Economics Research Centre King Abdulaziz University, Jeddah, Saudi Arabia
Journal of King Abdulaziz University: Islamic Economics, 2004, vol. 17, issue 2, 29-31
Abstract:
It is a well known fact that there is zakah on cattle, money, merchandise and on cereals and fruits. The earlier jurists agree that these different forms of zakah are all zakah on growing capital. However, some contemporary jurists and economists might think that zakah, in comparison with taxes, is of two kinds: zakah on wealth, as in the cases of zakah on cattle, money and merchandise and zakah on income as in the case of zakah on cereals and fruits. The discussion of this topic is not new, but it is being renewed recently because the Fiqh Council of the Muslim World League in Makkah discussed the topic of taxes on income in its 17th session held on 19-24/10/1424AH (13-18/12/2003 AD). Four papers were presented on the topic. The first was by Abdulkarim Zaidan from Iraq, the second was by Abdussalam al-Abbadi from Jordan, the third was by Abdullah al-Thumali from Saudi Arabia and the fourth one was by Shawqi Dunya from Egypt. --
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:17:y:2004:i:2:no:3:p:29-31
DOI: 10.4197/islec.17-2.3
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