Economy, Domestic Economy

$85m Collected in Zakat Revenues Last Year

$85m Collected in Zakat Revenues Last Year$85m Collected in Zakat Revenues Last Year

A total of 3.6 trillion rials ($85.71 million) were collected in Zakat last year (March 2017-18) and the sum is estimated to increase to 4 trillion rials ($95.23 million) this year, Seyyed Reza Taqavi, the representative of the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei said on Sunday. 
Zakat is a religious obligation or tax which, by Qur’anic ranking, is next to prayers in importance. It is obligatory to pay Zakat on the following things: wheat, barley, dates, raisins, gold, silver, camel, cow and sheep (including goat) and becomes obligatory only when it reaches the prescribed taxable limit.


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