What is the difference between the four schools of thought regarding zakat in terms of obligation, entitlement, and sufficiency, with mention of evidence from the Qur'an and Sunnah?
is obligatory by the Qur'an, , and scholarly consensus. It is due on the two currencies (gold and silver) and what is annexed to them of financial papers, trade goods, livestock (camels, cattle, and sheep), and agricultural produce and fruits.
There is a difference of opinion regarding zakat on horses and honey. As for rikaz (buried treasure), the one-fifth (khums) is obligatory on it by scholarly consensus.
The recipients of zakat are specified as eight categories mentioned in the Noble Qur'an: the poor, the needy, those employed to collect it, those whose hearts are to be reconciled, for freeing captives, those in debt, in the cause of Allah, and the wayfarer.
What suffices for payment of zakat varies depending on the type of wealth being purified. The detailed rulings of zakat are found in books of Fiqh.
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