Zakat means ‘to cleanse’ or ‘purify’. Carrying out this mandatory act establishes a spiritual connection with Allah. It is calculated at 2.5% of surplus wealth, such as savings and financial assets not used towards living expenses for an entire Islamic lunar year.
ZAKAT- YOUR DUTY TOWARDS THE COMMUNITY
Zakat regulates a fair share of wealth distribution among the poor. It is the third pillar of Islam; the third most important form of worship after fasting. Giving Zakat is not a favour to the poor, but it is considered their right in Islam. Zakat helps the needy fulfil their necessities of life with dignity.
Allah (SWT) says in Quran:
And perform As-Salat (Iqamat-as-Salat), and give zakat and whatever of good (deeds that Allah loves) you send forth for yourselves before you, you shall find it with Allah. Certainly, Allah is All-Seer of what you do. (2:110)
PURIFY YOUR WEALTH PAY ZAKAT
The threshold on wealth is called the ‘Nisab’, and if an individual meets Nisab i.e 85 grams of gold or 612.36 grams of silver on their cash equivalents, they become eligible. To pay Zakat, one must be of age, mentally sound, free, and must have a positive cash/goods flow, along with personal wealth that exceeds the Nisab value. Islam has identified eight recipients of Zakat:
- The poor.
- The needy
- Collectors of Zakat
- Reconciliation of Hearts
- Those who are enslaved/ kept captive
- Those in Debt
- In the way of Allah
- The stranded travellers
Zakat purifies wealth and makes it a blessing that is highly rewarded and appreciated by Allah (SWT). Highlighting the importance of Zakat,
Truly those who believe, and do deeds of righteousness, and perform As-Salat (Iqamat-as-Salat), and give zakat they will have their reward with their Lord. On them shall be no fear, nor shall they grieve. (2:277)
TAYBAH RELIEF ZAKAT FUND
With your Zakat donations, Taybah Relief can provide help to Muslim community in hardship and crises. Calculate and donate your Zakat today!