On Zakat

What is ZAKAAT

The word zakat means 'purity' or ''to purify' and it represents charity; all Muslims who are wealthy enough, must perform this charity in order to purify their wealth in the eyes of Allah (swt). In other words, Allah blesses us with wealth; it is therefore our duty to give some of this back to those most needy, which purifies the rest of our wealth. As one of the five pillars of Islam, it is an obligation upon all believing Muslims to pay Zakat.

To pay Zakat, one must be a Muslim, sane adult, in possession of the nisab (the minimum amount of wealth that one must have before zakat is payable) for one whole year. See the current monetary nisab value above.

Items from which wealth can be derived include: cattle, crops, gold, silver, and merchandise for business. Zakat must be paid on cash deposits held in bank accounts. Any personal items from which one cannot derive wealth, e.g. cars, utensils, food, clothing, shelter, furniture and which are not to be used for trade, are not included in the calculation of zakat.

You must not only have the minimum amount of nisab but it must have been in your possession for one whole year. A lot of people choose to pay their Zakat during Ramadan; both to remember it, and also because the reward for good deeds done in this blessed month is multiplied. Pay your Zakat now by using our simple Zakat Calculator.