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Get the free Zakat on Banknotes in Fiqh Syfi'yah Perspective

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Aka on Banknotes in Fiqh Syria Perspective Muhammad Yasir1, Length Sirajuddin1, Fit rah Affandi1, Ahmad Alfajri1 1Lecturer Islamic Sciences College (STIs) Nahuatl Lama Ace, Indonesia yasir.tgk@gmail.comAbstract
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How to fill out zakat on banknotes in

01
Collect all the banknotes you have in your possession.
02
Determine the total amount of money you have in banknotes.
03
Calculate 2.5% of the total amount, which is the zakat due on banknotes.
04
Donate this amount to those in need or designated charitable organizations.

Who needs zakat on banknotes in?

01
Anyone who is eligible to pay zakat and possesses money in the form of banknotes needs to fulfill the obligation of zakat on banknotes.
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Zakat on banknotes refers to the obligatory charitable contribution that Muslims are required to pay on their cash savings, including banknotes, in accordance with Islamic law.
Every Muslim who possesses the minimum threshold amount of savings known as 'nisab' is required to calculate and file zakat on their banknotes.
To fill out zakat on banknotes, calculate the total amount of cash savings, determine the applicable nisab threshold, and apply the zakat rate of 2.5% on the total amount.
The purpose of zakat on banknotes is to purify wealth, reduce poverty, and promote social welfare by redistributing wealth within the community.
When filing zakat on banknotes, individuals must report their total cash savings, any debts owed, and calculate the amount of zakat due based on the remaining savings.
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