Saahib al-maal

(redirected from Saahib al-Mal)

Saahib al-maal

In Islamic law, a person who possesses sufficient wealth to be required to pay zakah, which are the charitable donations Muslims are required to pay. Different schools of jurisprudence have different views on how much one must have to be a sahib al-maal. The requirement also varies by the type of wealth one has.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved