Zakat

integrated into the religion. For Islam you must follow the five pillars of Islam, in which each pillar is a compulsory act. These five pillars of Islam revolve around ummah. Ummah is an Arabic word that means community. The pillars are the salat, sawm, zakat, hajj, and the shahada. Salat, the first pillar is for the prayers, in this religion prayers are performed 5 times a day. There are specific times that one must pray while praying everyone in the world that follows the belief is also…

INTRODUCTION This report identifies the roles of three types of banking found in the financial sector. These are: Islamic banking, Conventional banking and Investment banking. 1.1 Objectives 1) Demonstrate an understanding of the role(s) played by different organisations within the Financial Services Sector 2) Demonstrate, in report format, an understanding of the ethical conflicts which face firms in the Financial Services Sector 3) Demonstrate and evaluate problems caused by differing…

When we are searching for the meaning of religion, there are many different meaning and many different definitions of the word religion. And complicated to understand Religion is concerned with your beliefs and practices of human beings. It is the concept of faith? To understand the religion I will focused about the four main basic religion on the world: they are, Christianity, Buddhism, Judaism, and Islam. Christianity began about 2000 years ago in Judea. They believe that Jesus Christ is the…

The Shahada is the confession that all Muslims have to recite. It states, “There is no God but Allah, and Muhammad is the prophet/messenger of Allah.” The Salat is the name for the five daily prayers Muslims pray while facing towards Mecca. The Zakat requires Muslims to give alms (money) to those in need, and it is about 2.5% of their income. The Saum takes place during the month of Ramadan, which is when Muslims are required to fast from sunrise to sunset. The Hajj is the pilgrimage to Mecca…

Islamic Culture: Muslims Shortly after the death of the Byzantine emperor Justinian in 565, Muhammad was born in Arabia. Muhammad claimed that he was the last and by far the greatest of the prophets of the god, Allah. It was Muhammad 's teachings that would be the beginning of a religious movement that will later be known as Islam. Islam means “submission”, referring to the submission that the followers will have towards Allah. The members of this movement were known as Muslims. Once Muslims…

Why is the Holy Land an important site for your faith? Moses- the Holy Land is where I received the Ten Commandments and is where God first started building the world Jesus-The Holy Land is important to me because I was born in the promise land and was a Jew, and is the homeland of my people Muhammad- The Holy land is important to Me because we have won the land with our superior faith. What is the holy book of your faith, and how does it compare to others? Moses- The Holy book of Moses’s faith…

tradition, as well as the idea of ‘masum’ (freedom from sin). This notion, however, differs from that of the Sunni Muslims. Sunni Muslims believe that the prophets, and not Imamat are considered ma’sum (CITE). Nizaris also pay a substantial amount zakat and pray three times a day which as well differs from that of Sunni…

The five pillars consist of Shahadah, Salat, Zakat, Sawm, and Hajj. Shahadah is the act of a Muslim sincerely reciting the Muslim profession of faith that expresses two fundamental beliefs. The profession of faith is “there is no god but Allah, and Muhammad is the messenger of Allah”. The second pillar, Salat, is the performing of sacred rituals and prayers in a proper and respectful way five times a day. Zakat, is the paying of alms (or charity) to those less fortunate, poor…

1.6.1 MANAGEMENT HIERARCHY The management hierarchy represents the different positions and designations in the hierarchy of the ABL. However, this is not the reporting hierarchy but merely represents the positions and grades on the basis of seniority and grades. Figure 1.2 Management hierarchy 2.1 Departments where I worked as an internee: ABL Garden town branch (Branch code = 0848) I did my internship of eight weeks in ABL Garden Town branch (0848) from 22-06-2015 to…

Salat, the second pillar is focuses on prayer, people that believe in this religion must pray five times everyday and attend a mosque on Friday . The third pillar Zakat focuses on giving to people who are less fortunate that also believe in the same religion . Saum the fourth pillar is focused on fasting from dusk to dawn during a holy month known as Ramadan . The fifth pillar Hajj focuses on making the journey to…