What is Zakat in Islam and how much is the percentage?

1 min read

Zakat is one of the Five Pillars of Islam and is considered an important duty for Muslims. It is a mandatory charitable contribution, which is calculated as a percentage of a person’s wealth, and is given to those in need. The purpose of Zakat is to promote social justice and to help alleviate poverty and suffering.

Zakat is calculated as 2.5% of a person’s wealth, which includes cash, savings, investments, and gold and silver. There are certain exemptions and deductions that are allowed, such as debt and the cost of living. The money collected through Zakat is distributed to eight categories of recipients, known as the “ashar” which includes the poor, orphans, the needy, those in debt, travelers, and those working in the cause of Allah.

Zakat is more than just a financial obligation, it is also a spiritual act of worship. It is an opportunity for Muslims to purify their wealth and to show gratitude for the blessings they have received. It also promotes a sense of community and helps to build a stronger society.

It’s also worth noting that Zakat is not a tax on income, but rather a tax on wealth. It’s also a way of redistributing wealth and making sure that no one is left behind. It encourages Muslims to think about the less fortunate and to take action to help them.

In conclusion, Zakat is an important part of Islamic faith, it serves as a way to purify one’s wealth, promote social justice and to help alleviate poverty and suffering. It’s an act of worship and a way of showing gratitude for the blessings that one has received. It’s a way to redistribute wealth and make sure that no one is left behind.

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