Written by Maya Hammad, former International Policy Centre for Inclusive Growth (IPC-IG) What is Zakat and how is it institutionalised in social protection systems? Zakat is the third of the five main pillars of Islam and constitutes an obligatory donation that Muslims must make. In Arabic,
Zakat comes from the word meaning ‘to purify’ as it is a mechanism to ‘purify’ the wealth of the rich and redistribute it to achieve social justice. Only Muslims whose wealth has reached above a certain point known as the
Nisab are required to pay Zakat.
Nisab is equivalent to the price of 85 grams of gold and a person becomes liable to pay Zakat if this amount is in their possession for a full year and after all personal...
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