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Zakat Made Easy

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Al-Suyuti, Hashiya ‘ala Sunan al-Nasa’i. Halab: Maktab al-Matbu’at al-islamia
2
Al-Ethiopi, Dhakirat al-‘Uqbā, Riyadh: Dar al-Mi’raj

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 Zakat Made Easy

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Ibn Hajar, Fatḥ al-Bārī, Beirut: Dār al-Ma’rifah

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 Zakat Made Easy

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Abu Ubayd. Al-Amwal. Beirut: Dar al-Fikr

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Zakat Made Easy

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Al-Ayni, al-Binayah, Multan: al-Maktabah al-Haqqaniyyah

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 Zakat Made Easy

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Imam Malik. Muwatta Malik. Abu Dhabi: Mu’assasah Zayed
7
Komlik, O. (2017). The Burden of Nations: Debt and Compound Interest. Available online:
https://economicsociology.org/2017/03/21/the-burden-of-nations-debt-and-compound-interest/

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 Zakat Made Easy

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Daunton, M. (n.d.). The 2008 Financial Crisis Explained. Available online

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Investopedia (2021). Were Collateralised Debt Obligations Responsible for the Financial Crisis. Available
online: https://www.investopedia.com/ask/answers/032315/were-collateralized-debt-obligations-cdo-
responsible-2008-financial-crisis.asp

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 Zakat Made Easy

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Ibn Taymiyyah. Majmu’ al-Fatawa. Riyadh: Majma’ al-Malik Fahad
11
Bank of England. (2014). 2014 Q1. Quarterly Bulletin, 54(1).Sanusi, M. (2002). Gold Dinar, Paper Currency
and Monetary Stability: An Islamic View. Viability of The Islamic Dinar, 73-90.

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12
Ibn Taymiyyah. Majmu’ al-Fatawa. Riyadh: Majma’ al-Malik Fahad
13
Ibn al-Qayyim. I’lam al-Muwaqqi’in. Beirut: Dar al-Kutub al-Ilmiyyah
14
Ghazali. Ihya Ulum al-Din. Beirut: Dar al-Ma’rifah

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 Zakat Made Easy

15
Komlik, O. (2017). The Burden of Nations: Debt and Compound Interest. Available online:
https://economicsociology.org/2017/03/21/the-burden-of-nations-debt-and-compound-interest/

19
 16
Abdul Malik, U. & Choudhury, M.A. (2016). The Foundations of Islamic Political Economy. Palgrave
Macmillan UK

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Zakat Made Easy

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 17 Senturk, O.F (2007). Charity in Islam. Tughra Books Press. January 2007

18
Mathew Khan, ‘Money is like blood – it needs to circulate for local economies to survive’ The Guardian,
February 2013 https://www.theguardian.com/lifeandstyle/the-northerner/2013/feb/20/yorkshire-business-self-
sufficiency

19
Arif, A.D. (2019). Why Zakat is the Antithesis of Interest. Available online at:
https://rationalreligion.co.uk/why-zakat-is-the-antithesis-of-interest-explaining-islamic-economics/

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Ahmed, H. (2021). Potential Global Zakat Pool: Demystifying the Numbers. NZF Worldwide [Available
online]

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 Zakat Made Easy

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Musnad Ahmad ibn Mani’, Al-Mu’jamul Awsat, Hadith: 4056, Shu’abul Iman of Bayhaqi, Hadith: 6188 and
others. See Ithaful khiyarah, Hadith: 7247 and Al-Maqasidul Hasanah, Hadith: 789
22
Sahih Ibn Hibban, Hadith: 1026. Al-Ihsan
23
https://www.london.gov.uk/press-releases/mayoral/full-links-between-poverty-and-violent-crime

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https://www.transformjustice.org.uk/an-uncomfortable-truth-the-strong-link-between-poverty-and-
crime/
25
Dong, B., Egger, P. H., & Guo, Y. (2020). Is poverty the mother of crime? Evidence from homicide rates in
China. PloS one, 15(5), e0233034. https://doi.org/10.1371/journal.pone.0233034
26
USAID (n.d.). Literature Review on the Wildlife Crime Prevention Approaches. Available online:
https://pdf.usaid.gov/pdf_docs/PA00XGJN.pdf

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 Zakat Made Easy

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Gilna, D. (2018). Brookings Institute Study Funds Direct Connection between Poverty and Crime Rates.
Available at: https://www.prisonlegalnews.org/news/2018/dec/7/brookings-institute-study-finds-direct-
connection-between-poverty-and-crime-rates/

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Al-Kasani (1986), Badai al-Sana’i’, Beirut: Dar al-Kutub al-ilmiyyah

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Ibn Kathir, Tafsir Ibn Kathir, Riyadh: Dar Taibah
Ibn Hajar, Fath al-Bari, Beirut: Dar al-Ma’rifah

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Ibn Qudamah, al-Mugni, Cairo: Dar al-Manar

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Al-Kasani (1986), Badai al-Sana’i’, Beirut: Dar al-Kutub al-ilmiyyah

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al-Zuhayli, W. (1985), Al-Fiqh al-Islami wa Adillatuhu, Damascus: Dar al-Fikr
Al-Mawsū’ah al-Fiqhiyyah al-Kuwaitiyyah, Kuwait: Dar al-Salasil
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Ibid

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Ibid

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Ibid

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AAOIFI (2017), Shariah Standards, Bahrain: Manama

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Al-Zayla’i (1897), Tabyin al-Haqa’iq, Egypt: Bolaq
Al-Shilbi, (1897), Hashiya 'ala Tabyin al-Haqa'iq, Egypt: al-Bolaq
Al-Kasani (1986), Badai al-Sana’i’, Beirut: Dar al-Kutub al-ilmiyyah
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Ibid

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Ibn ‘Abidin, Hashiyah ibn Abidin, Karachi: H M Saeed

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Zarra-Nezhad, M. (2004), ‘A Brief History of Money in Islam and Estimating the Value of Dirham and Dinar’ ,
Ahvaz: Shahid Chamran University

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 Zakat Made Easy

𝑃𝑑𝑖𝑛𝑎𝑟 𝑃𝑑𝑖𝑟ℎ𝑎𝑚

𝑃𝑑𝑖𝑛𝑎𝑟
𝑅=
𝑃𝑑𝑖𝑟ℎ𝑎𝑚

𝑃𝑑𝑖𝑛𝑎𝑟 = 𝑤𝑑𝑖𝑛𝑎𝑟 × 𝑝𝑔𝑜𝑙𝑑

𝑃𝑑𝑖𝑟ℎ𝑎𝑚 = 𝑤𝑑𝑖𝑟ℎ𝑎𝑚 × 𝑝𝑠𝑖𝑙𝑣𝑒𝑟

𝑃𝑑𝑖𝑛𝑎𝑟 𝑤𝑑𝑖𝑛𝑎𝑟 × 𝑝𝑔𝑜𝑙𝑑 4.374 × 43.49

𝑅= = = = 115.05
𝑃𝑑𝑖𝑟ℎ𝑎𝑚 𝑤𝑑𝑖𝑟ℎ𝑎𝑚 × 𝑠𝑖𝑙𝑣𝑒𝑟 3.0618 × 0.54

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Fatawa Dar ul-Uloom Zakariyya 3/107

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Al-Mawsū’ah al-Fiqhiyyah al-Kuwaitiyyah, Kuwait: Dar al-Salasil

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3/2/4 Al-Hawl (Zakah year)

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 The Zakah year for cash and commercial assets as well as livestock is a lunar year (354 days). In case of
adopting the solar year for cash and commercial assets, the Zakah rate becomes 2.577%. As regards agricultural
products no consideration is to be given to the Hawl (Zakah year) because what matters is harvesting. Similarly
what should be considered for minerals and Rikaz (treasures) is their extraction. (AAOIFI Shariah Standard No.35
Zakah)

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Davidov,I. (2018), Why was gold the dominant form of money?. Medium.

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Habib & Adam (2019), Shariah Analysis of Crypto-Assets, GIFR 2019
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Haeems, A. (2018), What is a Crypto-asset?, Available from: https://medium.com/babb/what-is-a-crypto-
asset-1f0fcc517887
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E&Y (2018), Accounting for Crypto-Assets, Ernst & Young, Available from:
https://www.ey.com/Publication/vwLUAssets/EY-IFRS-Accounting-for-crypto-assets/$File/EY-IFRS-Accounting-
for-crypto-assets.pdf

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PwC (2018), In depth – A look at current financial reporting issues, Available from:
https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-16/cryptographic-assets-related-transactions-
accounting-considerations-ifrs-pwc-in-depth.pdf

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PwC (2018), In depth – A look at current financial reporting issues, Available from:
https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-16/cryptographic-assets-related-transactions-
accounting-considerations-ifrs-pwc-in-depth.pdf

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Islamic Fiqh Academy. Resolution 28. Jeddah. Available from: https://iifa-aifi.org/en/32294.html

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Ibn al-Humam. Fath al-Qadir.

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