" Zakah" is an obligatory annual Islamic tax paid by all wealthy Muslims and distributed to the poor as a right not as a charity. All sorts of wealth and property whether in money or in kind amounting to, or exceeding a specific minumum, "Nisab", and owned by a Muslim for a complete lunar year are subject to "Zakah".

The study has clearly shown the funding, investing and distributing roles played by "Zakah" in achieving economic stability and security in the Muslim society. Zakah encourages financial and economic activites and eliminates poverty and unemployement in the society.Its application is far better financially and psychologically for the society than the income tax as far as the Muslims abide by the Islamic laws and pay and distribiute their "Zakah" in time.

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