Zakat is the fourth pillar of Islam that refers to a mandatory tax of 2.5% paid annually on wealth and precious metals. It is mentioned frequently in the Quran and is compulsory for Muslims who meet the minimum wealth threshold. The eight categories of people entitled to receive zakat according to the Quran are the poor, needy, zakat administrators, recent converts, slaves, debtors, those fighting for Allah, and travelers.
Zakat is the fourth pillar of Islam that refers to a mandatory tax of 2.5% paid annually on wealth and precious metals. It is mentioned frequently in the Quran and is compulsory for Muslims who meet the minimum wealth threshold. The eight categories of people entitled to receive zakat according to the Quran are the poor, needy, zakat administrators, recent converts, slaves, debtors, those fighting for Allah, and travelers.
Zakat is the fourth pillar of Islam that refers to a mandatory tax of 2.5% paid annually on wealth and precious metals. It is mentioned frequently in the Quran and is compulsory for Muslims who meet the minimum wealth threshold. The eight categories of people entitled to receive zakat according to the Quran are the poor, needy, zakat administrators, recent converts, slaves, debtors, those fighting for Allah, and travelers.
Zakat is the fourth pillar of Islam that refers to a mandatory tax of 2.5% paid annually on wealth and precious metals. It is mentioned frequently in the Quran and is compulsory for Muslims who meet the minimum wealth threshold. The eight categories of people entitled to receive zakat according to the Quran are the poor, needy, zakat administrators, recent converts, slaves, debtors, those fighting for Allah, and travelers.
Literally means: to purify, to increase In Islamic terminology: it refers to a tax that is basically imposed on the savings or surplus wealth. Made compulsory in 2 A.H Mentioned 32 times in Quran, mostly with Salah اَّلِذ يَن ُيْؤ ِم ُنوَن ِباْلَغ ْيِب َو ُيِقيُم وَن الَّصالَة َو ِمَّم ا َر َز ْقَناُهْم ُينِفُقوَن Those who fear Allah who believe in the unseen, and establish prayer.)2:2, 3) WHO IS REQUIRED TO PAY ZAKAT • Muslim • Adult • Sahib-e-Nisaab, (those who own property to the extent of Nisaab that has been in their ownership and possession for one year uninterruptedly). • On every 7 ½ Tolas (87.3 gram) of Gold or (equivalent in cash)= 2 ½ % • On every 52 ½ Tolas (611.1 gram) of silver =2 ½ % • Articles that are stocked for sale =2 ½ % • Savings from Rental Income= 2 ½ % WHO ARE ENTITLED TO RECEIVE ZAKAT
• The Holy Quran clearly enlists eight categories
of the ‘mustahaqeen’ or those entitled to receive Zakat in sura Toba • ِإَّنَم ا الَّص َد َقاُت ِلْلُفَقَر اء َو اْلَم َس اِكيِن َو اْلَع اِمِليَن َع َلْيَها َو اْلُم َؤ َّلَفِة ُقُلوُبُهْم َو ِفي الِّر َقاِب َو اْلَغ اِر ِم يَن َو ِفي َس ِبيِل ِهَّللا َو اْبِن الَّس ِبيِل • ‘Alms are for the poor and the needy and those employed to administer the funds, for those whose hearts have been recently reconciled to truth, for those in bondage and in debt, in the debt, in the cause of Allah, and for the wayfarer....’ (9:60) DETAILS OF MUSTAHIQEEN • 1: The poor (Fuqara): those incapable of earning for themselves • 2: The needy (Masakeen): those who are breadwinner but are unable to fulfil all needs • 3: The collectors (Aamileen): employees of the Zakat Department • 4: Recent converts (Mualafatul-quloob): people new to Islam and are in need of basic necessities of life • 5: Freeing of slaves (fir-riqab): that are unable to pay the amount due to their masters • 6: People in debt (Al-Garimeen): who don’t possess enough wealth to pay legitimate (not un-Islamic) loans. • 7: In Allah’s way (Fi-sabeel-illah): for the preaching of Islam and jihad • 8: Travellers (Ibn-sabeel): who are well to do at home but during the course of travelling, incurs heavy losses due to theft or other reasons, may be helped out of Zakat. ZAKAT MAY NOT BE GIVEN TO
• syeds, (decedents of the Holy Prophet)
• one’s parents or children • non-Muslims • people as a payment for services