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Zakaat
About Zakaat: In Quran And Haddith
“Alms are for the poor and for the needy , and those employed to administer the (Funds), for those whose hearts have been (recently) reconciled (to truth); for those in bondage and for those in debt; and for the cause of Allah and for the wayfarer (Thus is it) ordained by Allah. And Allah has …
Who Receives Zakaat?
The Quran (Chapter 9, verse 60) specifies eight categories for the distribution of Zakat: The poor The needy Those employed to administer Zakat Those whose hearts are to be reconciled Those in slavery Those in debt In the way of Allah The destitute traveler
Why Zakaat?
Islam encourages employment, entrepreneurial activity, trade and the equitable distribution of wealth. For commerce to benefit society, Islam imposes several obligations on those involved in wealth creation. Amongst these is the obligation of Zakat, the third of five pillars of Islam. Scholars infer that the giving of Zakat has both an outer and an inner …
Who pays zakaat?
Those required to pay Zakat must be: Adult (have reached puberty) Muslim (Zakat is not paid by nonMuslims) Sane In possession of the Nisãb
When Zakaat paid?
Your Zakat year starts on the date your wealth first equaled or exceeded the Nisãb. Zakat is then payable after one lunar year has passed and every year thereafter on that date. Paying Zakat in Ramadhan is not necessary although giving charity in this month yields greater rewards.
What is Zakaat
Zakat is a compulsory act of worship that requires Muslims who own wealth at or over a certain threshold (called the Nisãb) to donate a portion of their qualifying wealth, typically 2.5%, to eligible recipients. It is a right the poor have over the rich. The Nisaab was set by the Prophet Muhammad (peace be …