Zakat in Islam articles

How much Zakat

How much Zakat

Zakat is levied at 2.5% of all Zakat-able assets after deducting specific liabilities for the year. The annual payment of Zakat is done according to the lunar calendar. Items like jewellery and gold are Zakat-able items and their worth should be factored in when calculating totals.

The Meaning of Zakat

The literal meaning of Zakat is purification. Therefore, by giving Zakat, a Muslim is essentially purifying his soul and his wealth. This word is mentioned in many instances in the Qur’an alongside Salaat (prayer).

Zakat in Islam

“Surely they who believe and do good deeds and keep up prayer and pay the poor-rate (Zakat) they shall have their reward from their Lord, and they shall have no fear, nor shall they grieve.” [Al-Quran 2:277] In Islam, Zakat is an obligatory act ordained by Allah (swt) to be performed by every Muslim who