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Zakat (or Zakāh) is one of the five pillars of Islam. Zakat is the Arabic word for "Giving to Charity" or "Giving to the Needy". [a] [3] Zakat is a form of almsgiving, often collected by the Muslim Ummah. [1] It is considered in Islam a religious obligation, [4] [5] and by Quranic ranking, is next after prayer in importance. [6]
Zakat is based on income and the type and value of one's assets/possessions [13] [14] above a minimum amount known as nisab. [7] [Note 1] The Quran does not provide specific guidelines on which types of wealth are taxable under the zakat, nor how much is to be donated, and Islamic scholars differ on how much nisab is and other aspects of zakat ...
Salah: 5 daily prayers; Sawm: Fasting Ramadan; Zakat: Almsgiving, similar to Sunni Islam, it applies to money, cattle, silver, gold, dates, raisins, wheat, and barley. Khums: An annual taxation of one-fifth (20%) of the gains that a year has been passed on without using. Khums is paid to the Imams; indirectly to poor and needy people.
Zakat is considered by Muslims to be an act of piety through which one expresses concern for the well-being of fellow Muslims, [38] as well as preserving social harmony between the wealthy and the poor. [39] Zakat promotes a more equitable redistribution of wealth and fosters a sense of solidarity amongst members of the Ummah. [40]
The IZO was founded in late 2008 by the Government of Malaysia.In May 2007, the Hon. Dato’ Seri Syed Hamid Albar, Minister of Foreign Affairs of Malaysia, had tabled a resolution for the formation of the International Zakat Organization at the thirty-fourth session of the Islamic Conference of Foreign Ministers of the Organisation of the Islamic Conference in Islamabad.
This Christmas give beyond friends and family to the folks in our community who need our help.
As-Sadaqat (zakat) are only for the Fuqara' (the poor), and Al-Masākīn (the needy) and those employed to collect (the funds); and to attract the hearts of those who have been inclined (towards Islam); and to free the captives; and for those in debt; and for Fi sabilillah (Allah's cause), and for Ibn As-Sabil a duty imposed by Allah. And Allah ...
(Zakat purifies the wealth of a Muslim, (according to Surah At-Tawba, Ayat 60 in the Quran [5]), and several a hadith.) In Pakistan Zakat is levied on sahib-e-nisab, i.e. a person who owns or possesses assets liable to Zakat under Shariah equal to or more than nisab, (about US $300, calculated according to the value of 612.32 grams of silver [6 ...