Zakat and Jihad

lgf: Dubai, NASDAQ, Zakat, and Jihad: "Like every Muslim country, the United Arab Emirates (UAE) collects mandatory Islamic charity (Zakat- the Third Pillar of Islam — an annual wealth tax), of about 2.5-percent from Muslim institutions and companies. Being non-Muslims, foreign banks and oil companies theoretically don’t pay Zakat. But foreign banks and oil companies in fact do pay 20 percent of their profits, but rather than Zakat, these mandatory payments are called “tax.” Zakat we are told, is to help the needy. However, Muslim Brotherhood spiritual leader, Yusuf Qaradawi decrees, “Declaring holy war...is an Islamic duty, and fighting ....is the Way of Allah for which Zakat must be spent.” In his 1999 publication, “Fiqh az-Zakat,” Qaradawi adds,

"The most important form of jihad today is serious, purposefully organized work to rebuild Islamic society and state and to implement the Islamic way of life in the political, cultural and economic domains. This is certainly most deserving of Zakat."