The types of wealth subject to Zakat include money, gold, silver, livestock, agricultural produce, and business profits that exceed basic needs. The calculation of Zakat is typically based on the value of one's assets over the course of a lunar year, with specific guidelines and rates varying depending on the type of wealth.
Zakat is one of the Five Pillars of Islam, making it a core religious obligation for financially capable Muslims. It is mentioned numerous times in the Qur'an and is considered a demonstration of faith and obedience to Allah's commandments.
Zakat serves as a means of purifying one's wealth and soul. By giving a portion of their wealth to those in need, Muslims cleanse their possessions of greed and selfishness, fostering a sense of gratitude and humility.
Zakat plays a crucial role in promoting social justice and equality within the Muslim community. By redistributing wealth from the affluent to the less fortunate, Zakat helps to bridge economic disparities and alleviate poverty.
Muslims believe that giving Zakat brings numerous spiritual rewards and blessings. It is viewed as a form of investment in the hereafter, with the potential to earn divine forgiveness, blessings, and increased sustenance from Allah.
The Messenger of Allah ﷺ said:
(BUKHARI)
The Messenger of Allah ﷺ said:
(BUKHARI)
