KHUMS - A SUPPORT FOR FINANCIAL INDEPENDENCE PART 1

A brief study of Islam’s history and teachings is enough to illustrate that it is not only a set of moral injunctions and theological doctrines about our origin and the afterlife. Islam planned a governing system to fully meet the needs of a pure and advanced society. One of the pillars of this government is the institution of the Bayt al-Mal (the Treasury House) to meet financial needs. The Islamic Bayt al-Mal, which had been founded upon the arrival of the Prophet (S) to Medina and his establishment of an Islamic government, consisted of funds such as zakat, khums, anfal (spoils and public resources), kharaj (Islamic tax on agricultural land) and jizyah (tax taken from religious minorities).

click here to continue