Philosophy and Religion

What can be considered zakat?

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Zakat is payable, at different rates, on crops, harvests, herds, gold and silver, and merchandise. For gold and silver, which is understood to include all liquid assets, the rate is 2.5%.

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Get more facts and information about zakat from The Columbia Encyclopedia, Sixth Edition at Encyclopedia.com.

Similar questions: How is zakat measured? What is the rate of zakat? What kind of methods can be used to pay zakat? [ Hide these questions ]

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