Zakat

693 Words2 Pages
bulb-icon

Recommended: Zakat in islam ESSAY

Zakat is the third pillar of Islam. It is an Arabic word, and translates as purification or growth. It is generally thought of as a tax, as the contributor should pay 2.5% of their wealth to charity. However, Zakat is valued not because of the money given, but the motive behind it. The intentions for giving Zakat should be pure, and simply about pleasing Allah, and earning good deeds. The reasons why we are obliged to pay it is that everything belongs to God, and that wealth is merely loaned to us from Allah, and that we should look after it and use it well. Our possessions are purified by setting aside a portion of it for those in need. Moreover, paying Zakat raises our self esteem as we know that we have performed an act of humility. A reference from the Quran states: “You will not attain piety until you give what is dear to you.” This means that you are only a humble servant of Allah if you share your wealth with others. If you do not, you will never accomplish piousness, and will not be classified as a true Muslim. Zakat is paid annually, and is given to a collector in Ramad...

Show More
Related

  • Spread Of Islam Dbq Essay

    624 Words  | 2 Pages

    “But the believers who do good works, both men and women shall enter paradise”(Document B). This shows that this religion has benefits for both men and women which was not a popular thing. The Qu’ran provides rewards to all people in their religion, as long as they follow the Qu’ran. In Islam it is against the law to take, someone’s belongings in unjust means (Document B). This shows that Islam protects personal belongings, this may be an appealing to those not in the Islamic faith.The Islamic faith has a property peace and a responsibility to help each other which includes giving to the

    Read More

  • Analysis Of The Gospel Of Wealth

    733 Words  | 2 Pages

    In Andrew Carnegie’s “The Gospel of Wealth” he outlines what the rich man’s responsibilities to the public is regarding his wealth. Andrew Carnegie was one of his times wealthiest men and wrote this in 1889. He states that, “Our duty is with what is practicable now-with the next step possible in our day and generation. It is criminal to waste our energies in endeavoring to uproot, when all we can profitably accomplish is to bend the universal tree of humanity a little in the direction most favorable to the production of the good fruit under existing circumstances (Carnegie 23-24).” In his writing he talks about the best way to dispose of the wealth one has acquired. The remainder of this paper will address the

    Read More

  • Money Essay

    944 Words  | 2 Pages

    Money is a necessity in everyday life within the modern world and there are different ways to define money due to a variety of perceptions and views held by a wide range of people. However it is widely accepted that money is defined as a tool that serves as a medium of exchange, a unit of account which means that it is an agreed measure for recording the prices of goods and services, and a store of value. It also has to be firstly acceptable as a medium of exchange, durable, convenient for usage and finally divisible. There are different types of money which are Commodity Money, Convertible Paper Money, Fiat Money which isn’t convertible, Private Debt Money which are deposits and Composite Currencies such as the Euro.

    Read More

  • The Millionaire Next Door By William Danko And Thomas J. Stanley

    1507 Words  | 4 Pages

    The Millionaire Next Door written by William Danko and Thomas J. Stanley illustrates the misconception of high luxury spenders in wealthy neighborhoods are considered wealthy. This clarifies that American’s who drive expensive cars, and live in lavish homes are not millionaires and financially independent. The authors show the typical millionaire are one that is frugal, and disciplined. Their cars are used, and their suits were purchased at a discount. As we read the book from cover to cover are misconceptions start to fade. The typical millionaire is very frugal in all endeavors and finds the best discounts possible. A budget is implemented daily, monthly, and annually for a typical millionaire. They live by the budget and are goal oriented. Living well below their means is crucial for a millionaire, and discovering ways to allocate time and money more efficiently. The typical millionaire next door is different than the majority of America presumes. Let’s first off mention what it is not. The typical millionaire is surprisingly not the individual with the lavish house worth a million dollars, owning multiple expensive cars, a boat, expensive clothes, and ultimately living lavishly. The individual is frugal and often looks for discounts for consumable goods. The book illustrates the typical millionaire in one simple word: frugal. It is shocking to believe that this is true, but it does make sense. To achieve financial independence is inherently more satisfying and important than accumulating wealth. According to the book the majority of these millionaires portray characteristics of being sacrificial, disciplined, persistent and frugal. In the book it states, “Being frugal is the cornerstone of wealth-building. Yet far too often th...

    Read More

  • Pygmalion and Society at the Time

    1760 Words  | 4 Pages

    that money does not buy you respect or manners and does not make you a

    Read More

  • Christians, Wealth and Poverty

    1638 Words  | 4 Pages

    means is that you cannot be too attached to your money or it will lead

    Read More

  • Wealthy or Rich in Andrew Carnegie's Essay, Wealth

    959 Words  | 2 Pages

    Carnegie’s essay contains explanations of three common methods by which wealth is distributed and his own opinions on the effects of each. After reading the entire essay, readers can see his overall appeals to logos; having wealth does not make anyone rich, but using that wealth for the greater good does. He does not force his opinions onto the reader, but is effectively convincing of why his beliefs make sense. Andrew Carnegie’s simple explanations intertwined with small, but powerful appeals to ethos and pathos become incorporated into his overall appeal to logos in his definition of what it means for one to truly be rich.

    Read More

  • Thoreau's Civil Disobedience and Walden

    1527 Words  | 4 Pages

    ...ness. We should just “love our life, poor as it is” as poor people would yield “the most sugar and the most starch.” Therefore, we should be unique and should never care about money in this material world.

    Read More

  • Aristotle's Doctrine Of Generosity

    996 Words  | 2 Pages

    It is important, now, to understand what it means to be reasonably detached and how extreme detachment or attachment contribute to the related vices, extravagance and stinginess respectively. To be reasonably detached from the value of money is to view money's value, and by extension, that of material goods, for it's ability to aid in survival and raise quality of life. \ari clearly states that the generous individual chooses to give material goods to others for these properties, so much so that the generous individual might be inclined not to look out for

    Read More

  • The American Dream and the Declaration of Independence

    491 Words  | 1 Pages

    If you were born a poor peasant, you would never become a rich king or queen, no matter how hard you worked.

    Read More

  • What is Happiness

    775 Words  | 2 Pages

    Speaking on Wealth, Lady Philosophy says, “wealth cannot make a man free of want and self-sufficient, though this was the very promise we saw it offering” (83). Moreover, Philosophy points out that the gathering of wealth does not stop people from taking that wealth away (83). Indeed, by its very nature, wealth seems contradictory. If we collect wealth, we believe we will be self-sufficient and free of want, so we hoard it; But “being miserly always makes men hated” (65). In its acquisition, wealth takes away from others, as it is a limited thing, and only brings hatred and paranoia to those who gather it. “[I]t is only when money is transferred to others in the exercise of liberality and ceases to be possessed that it becomes valuable” (65). The acquisition of wealth, then, is folly and can never grant true happiness.

    Read More

  • Almsgiving: The Zakah In Islamic Religion

    1239 Words  | 3 Pages

    All religions have a backbone, a systematic instruction on how to demonstrate devotion to the religion and what it stands for. Those of Islamic faith have pillars; the most fascinating one is the Almsgiving, known as Zakah. The Zakah has been practiced for centuries, although it is not associated with Islamic religion. The Zakah has taught that financial gain and success is Allah’s gift, excess wealth that was not necessity needs to be shared with all of Allah’s children. The Zakah is a privilege that an Islamic person can bestow on others in the name of Allah.

    Read More

  • Greed

    742 Words  | 2 Pages

    He who considers wealth a good thing can never bear to give up his income; he who considers eminence a good thing can never bear to give up his fame. He who has a taste for power can never bear to hand over authority to others. Holding tight to these things, such men shiver with fear; should they let them go, they would pine in sorrow. They never stop for a moment of reflection, never cease to gaze with greedy eyes--they are men punished by Heaven(Taoism. Chung Tzu 14).

    Read More

  • People Attitudes Towards Money

    865 Words  | 2 Pages

    It is no doubt that money is something that is needed in everyone’s lives. Our clothes, food, health insurance, education, and so many more require money. Many individuals understand the significance and benefits of money. When you have good income and financial resources, you will be given freedom and choices in this life. There are some people who love to gain dsemore money and there are also some people who loathe spending money even on necessary things. These are called money attitudes, in other words, people’s personalities towards money. There are studies and researches on people’s attitudes towards money because it influences them financially and it can determine whether they can achieve financial success or not. There are three basic

    Read More

More about Zakat

Open Document