Zakat is an important pillar of Islam. Zakat is considered one of the five pillars of Islam and is mandatory and unlike Sadaqah, Charity or Waqf. Zakat rules are very simple. There are some rules about Paying of Zakat where are determined by ALMIGHTY ALLAH. Zakat is eligible for those people who are rich and qualify the certain criteria. Zakat is an obligation for rich people and is the right of poor people.
There is a simple method of calculating Zakat on our wealth. We pay Zakat on our wealth which we posses for 1 complete year about our expenditure, this is a divine rule. After the consultation of Islamic scholars, we ensure that the information you’re reading about Zakat, is accurate and meaningful.
Rules for Zakat Donation
In Islam there are certain rules regarding who is eligible for paying of Zakat and who is not. There are also some rules about the poor who are eligible for receiving of Zakat.
Here are 7 key Zakat rules you need to know about before giving it.
- In Islam, every adult Muslim is required to pay Zakat on their wealth on an annual basis if he meets the certain criteria. He/She is eligible to pay Zakat, if he/she are debt free.
- The amount of wealth you pay is fixed.
- Every adult person is eligible to pay Zakat on the surplus wealth he/she owned for one lunar year.
- Every adult has to 2.5% of Zakat on the surplus wealth which he keeps for one complete year.
- The person who is eligible to pay Zakat must have been in ownership of the Nisab (minimum amount of wealth) for one lunar year before paying Zakat.
- Zakat must be paid as soon as it is due.
- Only people who meet a determined criterion are eligible to receive Zakat.
Calculation of Zakat
Zakat, one of the five pillars of Islam, is mediatory on all Muslims who meet the Nisab values. Nisab is the minimum amount of net capital that a Muslim must possess in order to be eligible to pay Zakat, which is prescribed as the equivalent of 87.48 grams (7.5 tola) of gold and 612.36 grams (52.5 tola) of silver, respectively.
Donate Zakat to Seedout
Donate Zakat now or click here to use our Zakat calculator. You can also visit our Zakat page or you can ask questions about Zakat Donation.
