Zakat Fundamentals: Exploring Objectives and Wealth Classification

Posted 1 year 1 month ago by INCEIF

Study Method : Online
Duration : 3 weeks
Subject : Business
Overview
Unpack the definition and significance of Zakat, while gaining the practical knowledge you need to calculate your contribution.
Course Description

Understand and calculate Zakat with INCEIF University

Zakat is one of the Five Pillars of Islam. It requires all Muslims to donate a portion of their wealth to charity.

On this three-week course from INCEIF University, you’ll build the knowledge and understanding you need to practise Zakat. Beginning with an overview of Zakat’s application through history, then moving through practical information for your own calculations, this course provides the foundation you need to fulfil your religious obligations and contribute to the good of society.

Discover the purpose and impact of Zakat

You’ll start the course with an overview of the definition, administration, and objectives of Zakat.

You’ll explore the many benefits of Zakat for givers, recipients, and Muslim society as a whole.

Learn to differentiate between Zakat al-Fitr and Zakat al-Mal

In Week 2 of the course, you’ll get stuck into the nitty gritty of calculating Zakat. You’ll learn how to identify and categorise assets that are subject to Zakat, including money, gold, silver, agricultural produce, and livestock.

You’ll also take a closer look at the two main kinds of Zakatable wealth: Zakat al-Fitr and Zakat al-Mal.

Guided by Islamic finance experts over the three weeks of the course, you’ll arrive at an in depth understanding of Zakat and its importance for society.

This course is designed for Muslims of all age groups and in every walk of life.

Requirements

This course is designed for Muslims of all age groups and in every walk of life.

Career Path
  • Explain the significance of Zakat and its importance in Islam.
  • Identify the conditions that individuals must meet to be eligible to give and receive Zakat.
  • Assess the various restrictions and guidelines governing Zakat giving in Islamic tradition.
  • Explain the objectives of Zakat from the perspective of the individuals giving and receiving it.
  • Describe the concept and significance of Zakat al-Fitr as a form of obligatory charity.
  • Classify between the various types of wealth and assets that are subject to Zakat, including money, gold, silver, agricultural produce, and livestock.