Recent content by PeterboroughAli

You can take there assets of them if they don’t pay Zakat on them

Pakistan needs sustainable growth which Zakat will provide it through no Zakat payable on intangible assets. McKinsey article states through recent studies economies are more likely to grow faster which invest in intangible assets than those that did not. Pakistan needs to move away from...

https://www.forbes.com/sites/ikebrannon/2022/08/02/investing-in-knowledge-economy-will-help-make-21st-century-another-american-century/amp/ In this article it talks about how beneficial intangible assets are and how America should create taxes in a way to make them grow

A recent study by McKinsey noted that companies in the top 10 percent for growth in gross value added (GVA), a measure of economic productivity, invest over two and a half times more in intangible assets than the bottom 50 percent of companies. The study also found that companies, sectors, and...

With no Zakat taxes on knowledge economy or negligible amounts they will become financially successful causing especially younger generations to want to be part of it further growing it.

How Zakat can increase the knowledge economy Zakat is payable on tangible assets only and not on intangible assets. Leading to the increase of intangible assets within a economy and leading to a growth of the knowledge economy. A growth of intangible assets is a growth of the knowledge economy...

I already talked about this the rise of South Korea was filled with corruption they still rose

Yes it will, it will create a knowledge economy

Zakat is not voluntary it should be collected by the government

The way I described Zakat without payments on intangible assets as they are not wealth is what needs to happen for Pakistan to flourish, your talking giving cash away I’m talking the way it’s collected will lead to a knowledge economy.

No taxes for Muslims only Zakat due

Your too pessimistic need to be optimistic in life. Pakistan will be a great nation and Zakat will make it that way. Zakat is the way forward like it or not

It will restart the Islamic golden age

Because R&D increases intangible assets. Which no Zakat payments are due upon. So more people will invest in companies with good R&D. Zakat is second pillar of Islam, Inshallah it will work.

He is not that successful he started with loads of money not much of a success I’m not hoping it will happen Zakat system is supreme when intangible assets do not have Zakat payable on them. R&D will flourish in Pakistan leading to big companies etc. breakthroughs. Very pessimistic, Zakat is a...