{"id":71,"date":"2025-06-16T10:42:26","date_gmt":"2025-06-16T10:42:26","guid":{"rendered":"https:\/\/site1.madinasites.com\/?page_id=71"},"modified":"2025-06-16T10:47:44","modified_gmt":"2025-06-16T10:47:44","slug":"zakat","status":"publish","type":"page","link":"https:\/\/site1.madinasites.com\/?page_id=71","title":{"rendered":"Zakat"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDonate Zakat<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tRequest Zakat<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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One of the most important principles of Islam is that all things belong to Allah(SWT), and that wealth is therefore held by human beings as a trust. The word zakat means both \u2018purification\u2019 and \u2018growth\u2019. Our possessions are purified by setting aside a proportion of our wealth for those in need, and like the pruning of plants, this cutting back on balances and giving to needy Muslims, encourages new growth.<\/p>

Each Muslim calculates his or her own zakat individually. For most purposes, this involves the payment each year of 2.5% of one\u2019s capital.<\/p>

A pious person may also give as much as he or she pleases as \u201csadaqa\u201d another form of charity, and does so preferably in secret. Although this word can be translated as \u2018voluntary charity\u2019 it has a wider meaning. The Prophet (peace be upon him) said, \u201cEven greeting your brother with a smile and cheerful face is charity.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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The Prophet (peace be upon him) said, \u201cCharity is a necessity for every Muslim.\u201d He was asked: \u2018What if a person has nothing?\u2019 The Prophet (peace be upon him) replied, \u201cHe should work with his own hands for his benefit and then give something out of such earnings in charity.\u201d The Companions asked: \u2018What if he is not able to work?\u2019 The Prophet (peace be upon him) said, \u201cHe should help the poor and needy.\u201d The Companions further asked \u2018What if he cannot do even that?\u2019 The Prophet (peace be upon him) said, \u201cHe should urge others to do good.\u201d The Companions said \u2018What if he lacks that also?\u2019 The Prophet (peace be upon him) said, \u201cHe should restrain himself from doing evil, that is also charity.\u201d<\/p>

By paying Zakat, we purify and cleanse our wealth and money. In the Qur\u2019an, very often Salat and Zakat are mentioned together. It is not an ordinary tax that governments levy on people. It is rather an act of worship like Salat, Saum and Hajj. Zakat is third pillar of Islam and is obligatory (Fard) on every Muslim whose wealth reaches a fixed amount for the year (that fixed amount is called Nisab). If a Muslim\u2019s wealth is above that limit, he\/she has to pay Zakat.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Nisab<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Nisab is the minimum exemption limit of net wealth or saving (wealth or assets) over and beyond which Zakat becomes obligatory at the rate of 2.5% (on savings) annually. This amount (Nisab) should be with the person for a full year.\u00a0[1]<\/strong><\/span><\/a><\/p>

If a person has the net wealth equal to or above the Nisab in the beginning of the year, but that net wealth decreases from Nisab for a short period of time, and increases again at the end of the year, he\/she should pay Zakat. Basic purpose of Zakat system in Islamic society is to maintain an economic balance and circulation of wealth in the society.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Calculation of Zakat<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Zakat is normally 2.5% of savings, be it money, gold, trade, goods or metal coins.\u00a0[2]<\/strong><\/span>\u00a0<\/a>Zakat can be paid in the form of the commodity or the cash value of it. There is no Zakat on the household, furniture or car that are in personal use. The animals used for agricultural purpose (camels, oxen and buffaloes) are exempted from Zakat. Similarly, there is no Zakat on machinery, fruits and vegetables that are picked and used.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Zakat on Gold and Silver<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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For gold, amount of Nisab is 2 Oz (85 grams, or cash value equivalent in price) and for silver, it is 21Oz (595 grams or cash value equivalent in price). A person having silver or gold equal to or more than Nisab should pay Zakat either in cash or in any other commodity at a rate of 2.5%.\u00a0[3]<\/strong><\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Zakat on Cash Money<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Cash money in any currency is subject to Zakat with a rate of 2.5% if it is more than Nisab (cash value equivalent to 3 Oz (85 grams) gold or 21 Oz (595 grams) silver).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Zakat on Business Property<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Zakat for the business property should be paid at a rate of 2.5% based upon its price relative to silver or gold prices. For stock, we need to calculate approximately the value of stocks after one full year from the date of investment of those stocks. If we have some cash in hand, we should include this cash to find Nisab and pay Zakat if this is equal to or more than Nisab for that year. If the value suddenly rises after that time, the Zakat will start from the date the value increased.<\/p>

Zakat is not payable on combined assets of a business partnership. But Zakat should be paid by each partner separately based upon the share value of each partner. There is no Zakat on business and the machinery used in that business. In the case of stocks in different retirement plans, Zakat is payable at a rate of 2.5% only when money is cashed. In stocks where one can get cash whenever he\/she wants, Zakat is payable whenever money or value of stocks is matured for one year.\u00a0[4]<\/strong><\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Zakat on Jewelry<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Zakat should be paid on any form of gold or silver (ladies ornaments, gold threads decorated dresses, coins or other forms) that is not in normal use and more than Nisab at a rate of 2.5%.\u00a0[5]<\/strong><\/span><\/a><\/p>

Zakat on agricultural products and animals like cows, camels, goats and others is based upon different Nisab and is not the subject of this topic. Please look into books specific for Zakat on this topic.<\/p>

Overall it is the sincerity and self-esteem of the person that matters the most while paying Zakat. If Allah has given enough to donate and give Zakat, we should always be generous to return His trust. Since this money is for good cause, Muslims should pay Zakat as well as charity without looking for excuses. Easiest way of calculating Zakat is to determine the current value of gold and the total value of assets in hand. Calculate based upon Nisab as 3 oz gold and give zakat as 2.5% of the total value. However, necessary things for personal use like house, car and animals are exempt from Zakat. Similarly anything used in business is exempt from Zakat but it is payable on the profit or material obtained from the business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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People who are eligible to receive Zakat:<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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