How is it calculated?
Assets to include in your Zakat calculation are cash (in hand, in bank accounts or money lent to someone), shares, pensions, gold and silver. Personal items (your home, furniture, cars, food, [...]
Who can receive it?
Zakat can only be paid to specific beneficiaries and projects. The Qur’an mentions eight groups of people on whom it should be spent: The Fuqara’ (the poor) Al-Maskin (the needy) Aamileen (Zakat [...]
When should we give it?
You should record the Islamic date on which you first became the owner of Nisaab – if, on the same date the following lunar year, you are still the owner of Nisaab, you will be obliged to pay [...]
Why do we give it?
Zakat is not charity, It is not voluntary charity not a tax but an obligation. By giving it, a Muslim is acknowledging that everything we have is Allah’s and we do not really own it, and we [...]
