and those who hoard gold and silver and spend it not in the...

and those who hoard gold and silver and spend it not in the way of Allah - give them tidings of a painful punishment. (Quran, 9:34) The Prophet (S) said," It is never acceptable that one of you should sleep having eaten his dinner when one's neighbor is still hungry.”[^1] Donation in the eyes of Islam has been attached such a great significance that it is categorized as the top prioritized deeds among the most privileged worshiping deeds, such as prayer.

The word donation comes immediately after the word "prayer or al-salaat" in several verses.[^2] 2-Khums (a Fifth): One of the financial duties foreseen aimed at improvement of a destitute life and livelihood as well as especial urgent spending needs in an Islamic society is khums (a Fifth). Khums is an imposed donation levied on every Muslim's one fifth of the profit, turnover, and income.

The profit earned by a Muslim because of his lawful business after reduction of routine living expenses in the period of one year is subject to khums taxation.

The followings are also subject to khums: treasure, diving, mining (drilling and digging mines), war booty, wealth mixed with someone else's wealth whose owner is unknown (money laundering and any money which is not entirely yours), will be subject to khums.[^3] The Holy Quran says in this issue: وَاعْلَمُوا أَنَّمَا غَنِمْتُمْ مِنْ شَيْءٍ فَأَنَّ لِلَّهِ خُمُسَهُ وَلِلرَّسُولِ وَلِذِي الْقُرْبَىٰ وَالْيَتَامَىٰ وَالْمَسَاكِينِ وَابْنِ السَّبِيلِ إِنْ كُنْتُمْ آمَنْتُمْ بِاللَّهِ And know that anything you obtain of war booty - then indeed, for Allah is one fifth of it and for the Messenger and for [his] near relatives and the orphans, the needy, and the [stranded] traveler, if you have believed in Allah.

(Quran, 8:41) 3-Zakaat donation: Zakaat in the Islamic economical decrees includes a part of one's belongings. When a wealthy Muslim's riches reach a certain amount, he must donate a certain part of his savings.[^4] There are many verses in The Holy Quran about Zakaat.

The requirement of Zakaat has been emphasized after prayer: وَأَقِيمُوا الصَّلَاةَ وَآتُوا الزَّكَاةَ ۚ وَمَا تُقَدِّمُوا لِأَنْفُسِكُمْ مِنْ خَيْرٍ تَجِدُوهُ عِنْدَ اللَّهِ ۗ إِنَّ اللَّهَ بِمَا تَعْمَلُونَ بَصِيرٌ And establish prayer and give zakaat, and whatever good you put forward for yourselves - you will find it with Allah. Indeed, Allah of what you do, is Seeing .

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