<div><font size="2"><b style="line-height: 20px; text-align: justify;"><u>Overview (Zakat)</u></b><br></font></div><div style="text-align: justify;"><font size="2"><b><font color="#009900">Zakat</font></b> or Zakat al-mal is a form of obligatory alms-giving in Islam. It is based not on income, but on the value of all of one's possessions. It is customarily 2 1/2% of a Muslim's savings and wealth above a minimum amount known as nisab, (although Islamic scholars may differ on how much nisab is and other aspects of zakat). The collected amount may be paid to poor Muslims, to zakat collectors, to new converts to Islam, to Islamic clergy, and others.</font></div><div style="text-align: justify;"><font size="2"><br></font></div><div style="text-align: justify;"><font size="2">Zakat is is one of the Five Pillars of Islam, mandatory for all Muslims. It is sometimes described as a tax or "alms tax" and sometimes distinguished from taxes.</font></div><div style="text-align: justify;"><font size="2"><br></font></div><div style="text-align: justify;"><font size="2"><i><a href="http://en.wikipedia.org/wiki/Zakat" title="Zakat" target="_blank">Zakat in Wikipedia</a></i></font></div><div style="text-align: justify;"><font size="2"><br></font></div><div style="text-align: justify;"><font size="2"><b><u>Overview (Wakaf)</u></b></font></div><div style="text-align: justify;"><font size="2">A <b><font color="#009900">waqf</font></b>, also spelled wakf, or mortmain property, is, under the context of 'sadaqah', an inalienable religious endowment in Islamic law, typically donating a building or plot of land or even cash for Muslim religious or charitable purposes. The donated assets are held by a charitable trust. The grant is known as mushrut-ul-khidmat, while a person making such dedication is known as wakif.<br></font></div><div style="text-align: justify;"><font size="2"><br></font></div><div style="text-align: justify;"><font size="2"><i><a href="http://en.wikipedia.org/wiki/Waqf" title="Wakaf" target="_blank">Wakaf in Wikipedia</a></i></font></div>