At the directive of King Mohammed VI,Commander of the Faithful,the Supreme Council of Ulemas has been entrusted with the task of issuing a comprehensive fatwa to elucidate the Sharia rules concerning Zakat,the institution announced in a statement.
This initiative seeks to address the numerous inquiries from citizens regarding the application of this fundamental pillar of Islam,especially in the context of modern economic developments. The Council notes that the fatwa will address issues related to Zakat on income from work,services,investments,and financial transactions. It will also specify the provisions regarding the minimum threshold,amounts due,and payment deadlines.
The statement underscores that this approach is strictly scientific and informative,aiming to provide the faithful with a clear and unified reference on a topic that often generates confusion.
To effectively fulfill this mission,the Council’s proficient scientific body will examine the matter,possibly with the assistance of specialized experts. The fatwa is anticipated to be published within a month.
Zakat,one of the Five Pillars of Islam,is an obligatory form of Islamic charity,or almsgiving,where Muslims give a fixed percentage (typically 2.5%) of their wealth to the poor and needy. Zakat purifies the giver’s wealth,reduces societal inequality by redistributing wealth,and fosters community by instilling compassion and empathy. It is mandatory for those who possess a minimum threshold of wealth (nisab) for a full lunar year.
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