Zakat Nisab And Rate
Further to my previous question, I have received some of the answer, I put the question back to individual , I have not received the reply , I am not sure about the format of these discussions, if I can continue to have further explanation from the individual, who replied to me. I was told that zakat on income would be around 5-10%, and that state has no right to put income tax . First who has put this figure of 5-10% , where did the 2.5% zakat concept has come from,. Is it mentioned in Quran, if state does not take income tax , how are they going to run the state. secondly let me ask a practical question, a retired couple in Pakistan who are getting a small pension, but over their entire life managed to save money with Pakistan national saving, so that the interest paid would supplement their income for the rest of their life. If they start to pay zakat on their saving, that will bring their income down, and after few years they will not able to cope and live a reasonable life, as we know that there is a constant inflation in the country as well. Allah does not want to put people under financial problem where they are forced to beg.
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