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Understanding Islamic Finance - Doha Academy of Tertiary Studies

Understanding Islamic Finance - Doha Academy of Tertiary Studies

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496 <strong>Understanding</strong> <strong>Islamic</strong> <strong>Finance</strong>minerals, capital invested in industry and business, etc. The rates are different for different natures <strong>of</strong>assets. The recipients <strong>of</strong> Zakah funds have been identified in the Holy Qur’ān (9: 60) and are the poor,the needy, Zakah collectors, new converts to Islam, travellers in difficulty, captives and debtors andfor the cause <strong>of</strong> the Almighty.Zulm: Injustice, usurping others’ rights, not giving proper recompense in an exchange by way <strong>of</strong> anyillegal act or coercion.

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