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    Thread: Dividing Money in Islamic Jurisprudence and its Relation to Calculating Zakah

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      Dividing Money in Islamic Jurisprudence and its Relation to Calculating Zakah

      In Islamic Jurisprudence, assets are divided into:
      01.
      Currency: which is exchanged in buying and selling. It consists of two kinds:
      * Free money:
      gold and silver.
      * Bound money:
      banknotes and coins.
      02.
      Other assets : meant to be utilized in a certain manner. They are of two kinds:
      * Durable assets:
      which are possessed for use in different activities e.g. machines and plow animals. This is equivalent to the modern term 'fixed assets'.
      * Inventory:
      which is prepared for sale and exchange, whether manufactured or bought to be exchanged in trade.
      03.
      Animals: camels, cows, sheep and the like. There are three kinds
      * Animals raised for milk and breeding. laboring animals possessed for work.
      * Animals raised for trade.
      04.
      Crops and fruits: the products of the land, divided into:
      * Those irrigated by machines.
      * Those irrigated by rain, springs or taking water from the earth by their roots.


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      Re: Dividing Money in Islamic Jurisprudence and its Relation to Calculating Zakah

      V good


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      Re: Dividing Money in Islamic Jurisprudence and its Relation to Calculating Zakah

      Nice and it is the best way to divide money into poor people.


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      Re: Dividing Money in Islamic Jurisprudence and its Relation to Calculating Zakah

      nyc post


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