Zakat is important pillar of Islam. The translation
of Arabic word Zakat is 'purification' and 'growth'.
We purify our possessions by paying Zakat and we are
blessed with growth due to Zakat.
Zakat is calculated amount of money which a muslim
is required to pay to certain deserving group of
people.
The group of people who are eligible for receiving
Zakat are mentioned in surah at-Taubah (9) verse 60:
" The alms are only for the poor and the needy, and
those who collect them, and those whose hearts are
to be reconciled, and to free the captives and the
debtors, and for the cause of Allah, and (for) the
wayfarers; a duty imposed by Allah. Allah is knower,
Wise." (The Holy Qur'an 9:60).
Allah says in Surah at-Taubah verses 34-35: "34:O ye
who believe! there are indeed many among the priests
and anchorites, who in Falsehood devour the
substance of men and hinder (them) from the way of
Allah. And there are those who bury gold and silver
and spend it not in the way of Allah. announce unto
them a most grievous penalty- 35:On the Day when
heat will be produced out of that (wealth) in the
fire of Hell, and with it will be branded their
foreheads, their flanks, and their backs, their
flanks, and their backs.- "This is the (treasure)
which ye buried for yourselves: taste ye, then, the
(treasures) ye buried!" (The Holy Qur'an 9:34-35).
The prophet Muhammad (pbuh) in one of the hadith
said: "Any owner of gold and silver who does not
deliver from them their right, on the Day of
Quiyamah (Day of Judgment), (the gold and silver)
will be shaped as foils of fire. Then it will be
heated in the fire of Hell; (and) then with it he
will be ironed on his side, his forehead, and his
back" (narrated by Muslim).
A muslim is required to pay Zakat when he/she has
money is equal or greater than nisab. The nisab or
minimum amount of money is equivalent to price of 85
grams of pure gold.
Zakat is due after the passage of one Lunar year
(approx. 355 days) of having the possession of money
by the owner. Zakat is 2.5% or 1/40 of the money in
possession of the owner. The owner should deduct the
loans he or she has borrowed from others. Then check
of the remainder is equal or greater than the nisab,
if so then he or she should pay Zakat on it.
Every muslim should calculate and pay Zakat if it is
due upon him or her.
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