What is Zakat

Zakat is a mandatory duty on all able Muslims who meet nisab values. There is no ambiguity as to the rate at which Zakat should be calculated; 2.5% of all net savings one possesses that is above the nisab value. Net savings is total maintained wealth for one lunar year before Zakat is due.

Zakat is an obligation to the affluent Muslims. It is neither tax nor charity or voluntary. Zakat is considered a right of the poor over the rich. Islam always encourages to be kind and helpful and champion human dignity. The attitude is manifested through different acts of charity and voluntary. But zakat payment is compulsory divine duty and the third pillar of Islam.

The burial place of the Islamic Prophet Muhammad, it is the second holiest city in Islam after Mecca. Medina is critically significant in Islamic History as Muhammad’s final religious base after the Hijrah and the location of his death in 632 AD/11 AH. Medina was the power base of Islam in its first century, being where the early Muslim community (ummah) developed, first under Muhammad’s leadership and then under the first four caliphs of Islam: Abu Bakr, `Omar, `Othman and `Ali.

In fact, Year 1 of the Islamic calendar is based on the year of the emigration (or Hijra (هِجْرَة)) of Muhammad and his original followers (Muhajirun) from Mecca to the city of Medina in 622 AD/1 AH. The Maliki madhab places emphasis on ulema and scholars originating in Medina.