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Towards A Unified Zakat System

Towards A Unified Zakat System

Towards A Unified Zakat System

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11 percent in 1995. In Kuwait, the oil revenue (as apercentage of GDP) increased from 8 percent in 1993 to 24percent in 1995 and 11 percent in 1996. The UAE registeredan increase from 17 percent in 1993 to 15 percent in 1995.Oman saw a decrease in oil revenue (as a percentage of GDP)from 6 percent in 1994 to 3 percent in 1995.Table 2.1 shows that all countries, with the exception ofKuwait (showing a marginal decline), have reported increasesin their per capita income. Bahrain and Oman, althoughshowing some fluctuations, have remained with relativelyunchanged situations, although Oman (unlike Bahrain, wherethere was an increase) did record a drop in income in 1994.This was despite Oman being alone, amongst the GCC states,in not reducing its oil production in 1994. Bahrain was theonly state to record an increase in per capita income in1994. The per capita income of the UAE showed a slightfluctuation (a reduction in 1994) but since then growth hasbeen recorded, resulting in it being the highest in theregion and one of the highest in the world (US$19,095 in1997). Kuwait also recorded a drop in per capita income in1994. Although Kuwait has experienced a steady increasefrom 1994 to 1997, the highest figure in 1993 (of US$14,511)has not yet been equalled. In this respect Kuwait and the39

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