Zakat requires Muslims to donate 2.5% of their wealth
What is Zakat?
Zakat (zakaat, zakah), or almsgiving, is one of the five pillars of Islam. This means that Zakat is mandatory for Muslims, along with the other four sacred pillars of prayer (salah), fasting (sawm), pilgrimage (Hajj) and belief in Allah and His Messenger, Prophet Muhammad (peace be upon him) (shahadah). For every sane, adult Muslim who owns wealth over a certain amount – known as the Nisab – he or she must pay 2.5% of that wealth as Zakat.
“…and those in whose wealth there is a recognised right, for the needy and deprived” (Qur’an 70:24-5)
Eligible Muslims pay Zakat once a year, and it is due as soon as one lunar (Islamic) year has passed since meeting or exceeding the Nisab (certain amount of wealth). The Zakat of every Muslim is then distributed to those who meet the criteria to receive it. At Islamic Relief, your Zakat is distributed with the utmost care to ensure that the most vulnerable, including children, those affected by war, disease and climate disasters, have access to the help that they need.
Simplifying your Zakat calculation
Calculating your Zakat isn’t as difficult as you may think. We find that breaking your assets down into different categories makes the Zakat calculation process really simple.
We have broken down the calculation process into Zakatable assets (gold, silver, cash, savings, business assets etc.) and Deductible liabilities (money you owe, other outgoings due) so you can calculate the Zakat you owe easily.
The amount of Zakat you need to pay will be determined once you have calculated the value of your net assets. You then need to see whether your net assets are equal to, or exceed, the Nisab threshold.
https://www.reddit.com/r/Documentaries/comments/urknp2/hajj_umrah_travel_agent/
https://twitter.com/Corasmi786/status/1526227446189772804?s=20&t=RZNdRD6-W3V9Xwm8vv21YA
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https://www.reddit.com/r/Documentaries/comments/url09y/low_cost_umrah/
https://www.prbookmarks.com/preview-story/
https://twitter.com/Corasmi786/status/1526534230699913219?s=20&t=nAhWG53x6X5KMPRqWN2SEg
Calculating your Zakat isn’t as difficult as you may think. We find that breaking your assets down into different categories makes the Zakat calculation process really simple.
We have broken down the calculation process into Zakatable assets (gold, silver, cash, savings, business assets etc.) and Deductible liabilities (money you owe, other outgoings due) so you can calculate the Zakat you owe easily.
The amount of Zakat you need to pay will be determined once you have calculated the value of your net assets. You then need to see whether your net assets are equal to, or exceed, the Nisab threshold.
https://www.reddit.com/r/Documentaries/comments/urknp2/hajj_umrah_travel_agent/
https://twitter.com/Corasmi786/status/1526227446189772804?s=20&t=RZNdRD6-W3V9Xwm8vv21YA
https://www.pinterest.co.uk/pin/925349054659591178
https://www.instapaper.com/read/1507106722
https://www.prbookmarks.com/preview-story/
https://twitter.com/Corasmi786/status/1526538655136882688?s=20&t=nAhWG53x6X5KMPRqWN2SEg
https://www.pinterest.co.uk/pin/925349054659591339
https://www.instapaper.com/read/1507113910
https://www.reddit.com/r/Documentaries/comments/url09y/low_cost_umrah/
https://www.prbookmarks.com/preview-story/
https://twitter.com/Corasmi786/status/1526534230699913219?s=20&t=nAhWG53x6X5KMPRqWN2SEg
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