Abstract

Islam is a complete code of conduct. Per the obligation of physical prayers, there are other aspects in the form of pillars. All the pillars have been clarified in the light of Quran and Sunnah. As we viewed the fact, that zakat is a financial prayer for fulfilling the economic needs of the poor people. Equally, we can perceive that the Muslim countries including Pakistan have their directions for the gathering of taxes from the Muslims. This study has been carried out to elaborate the concept of zakat and tax in Islam. Furthermore it has found similarities and differences of zakat and tax, and to discover the Islamic concept of tax from muslins in comparison of zakat. Therefore, for this purpose all the available online documents Quran verses and A hady is including articles, blogs, journals’ website, e-books and thesis were brought under consideration. Moreover, interviews were conducted. Responses were got from five prominent Muslim scholars regarding the concept of zakat and tax. Four main questions were asked with some sub questions and relevant critical responses were found. However discourse analyses were followed for finding out whether the terms are similar or different and then themes were drawn for describing the Islamic concept of zakat and tax. Data were analyzed based on the themes. It was recommended that tax money may be utilized only for the welfare of citizens and development of country otherwise it is unlawful in Muslim country to take tax from Muslims.

Highlights

  • Poverty is an important problem of our generation

  • Under the state constitution, whereby zakat can be a tax rates payment[3].Two integral components of the Islamic financial structure are Zakat and the progressive income tax; the components of duty and obligation are inculcated in zakat and taxation

  • This study has been taken into account to elaborate the Islamic concept of zakat and tax, to find out the similarities and differences of both the components as well as to discover whether taking tax from the Muslims is falling under the rule of sharia or not?

Read more

Summary

Introduction

Poverty is an important problem of our generation. People throughout the world are screaming out for assistance. Under the state constitution, whereby zakat can be a tax rates payment[3].Two integral components of the Islamic financial structure are Zakat and the progressive income tax; the components of duty and obligation are inculcated in zakat and taxation.

Results
Conclusion
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.