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  1. WebDec 15, 2023 · Investopedia / Laura Porter. What Does Zakat Mean? Zakat is an Islamic finance term referring to the obligation that an individual has to donate a certain proportion of wealth each year to...

  2. WebBy Evelyn Richards. Ramadan, the ninth month in the Islamic calendar, is now well underway after kicking off on April 2. Muslims observe this important month by fasting during the daylight hours, praying, and …

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