Revenue source of Islamic STATE

Revenue

1. Introduction 

2. Sources of revenue 

(i) Zakat

(ii)Usher

(iii) Khiraj (Land Tax)

(iv) Jizya (Poll Tax)

(v) Khums

(I) Zakat (Poor rate)

(i) Meaning

(ii) Importance of Zakat

(iii) On whom Zakat levied (iv) Nisab of Zakat
The Nasib of Zakat is 7-1/2 tolas Gold or, 52-1/2 tolas silvers.

(v) Rate of Zakat

(vi) Persons entitled to Zakat

(a) The poor and the needy

(b) Those that are liable to administer the funds of the alms.

(c) Those whose hearts have been recently reconciled to the truth.

(d) Those that are in bondage and in debt.

(e) The wayfarers.
(f) In the cause of Allah.

(g) To free the captives.(vii) Realization of Zakat

(II) Ushad
 ( i) Levying or rate of Ushar

(III) Khiraj (Land Tax)

( i) Rates

(ii) Exemption from Khiraj (IV) Jizya (Poll Tax) (i ) Imposition of Jizay

(a) male

(b) Major

(c) Free.

(ii) Persons exempted from Jizya

(a) Women

(b) Minors

(c) Slaves

(d) Infirm or disable

(e) Monks and ascetics

(f) Non-Muslim giving military service.

(iii) Mode of imposing Jizya

(a) Under a agreement of the parties, or

(b) After Conquest

(iv) Amount of Jiyaz

(a) According to Maliki

(b) According to Al-Shafi

(c) According to Abu Hanifah

(v )Mode of paying Jizya

(vi) Jizya at present juncture

(V)Khums

(VI)Trade tax 4Objectives of revenue in Islamic state ( i) Economic well-beings

(ii) Universal brotherhood and justice.

(iii) Equitable distribution of wealth.(iv) social welfare.

5. Conclusion