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Keyword: zakatcalculator

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  • Need to Know the Zakat Rules in Saudi Arabia? Just ask KPMG…

    04/01/2012 7:54:17 AM PDT · by LSUfan · 2 replies
    Shariah Finance Watch ^ | 1 April 2012 | Unattributed
    It is widely known that much of the funding for Jihadist terrorist organizations, such as Al Qaeda, Hamas, Abu Sayyef and Jemaah Islamiyah come from private donations to Islamic charities through zakat payments, a system of tithing in Islam. The Saudi government claims that they are virtually powerless to stop this activity, something that makes us incredulous, given the Shariah police state that is Saudi Arabia. But that is the whole point. Wealthy Saudis and their charities participate in zakat because Shariah commands it.