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Zakat

Zakat one of the five pillars of Islam

Zakat is one of the five pillars of Islam, which is an obligatory duty for every Muslims of the world to donate a certain amount of one’s wealth to the poor. Zakat’s literal meaning is “to cleanse”. Muslims believe that paying Zakat will purify their wealth. “Whoever pays the zakat on his wealth will have its evil removed from him” (Ibn Khuzaimah and at-Tabarani).

Zakat Nisab

Zakat is 2.5% of the wealth that has been in one’s possession for a lunar year. The zakat is levied on five categories of property—food grains; fruit; camels, cattle, sheep, and goats; gold and silver; and movable goods—and is payable each year after one year’s possession. Its recipients may be poor, needy, and collector themselves. During the old days, the state collects Zakat and distributes among recipients but in the contemporary world, it is the duty of individuals to distribute the amount of Zakat except in Saudi Arabia, which follows Shariah law and follows the old method of collecting Zakat and its distribution.

The minimum amount on which Zakat will be payable is called ‘Nisab’. It is defined as the value of 87.5g of gold or 625g of silver. If a person posses this much amount of wealth for a lunar year than the person has to 2.5% share of his wealth as Zakat.

Rahabar Foundation

If you are wishing to use your Zakat amount for a noble cause, then you can contact Rahbar Foundation. Rahbar Foundation is a charitable trust which works for the upliftment of poor and needy. We provide food, education, free medical service, and support to set up a business for poor and needy. Your Zakat amount can make a difference in someone’s life.