Zakat
Zakat is one of the 5 pillars of Islam and an important obligation upon all Muslims who meet the criteria of Nisab.
What is Zakat
Zakat is one of the 5 pillars of Islam and an important obligation upon all Muslims who meet the criteria of Nisab. It is not a light matter and a major sin if it is not paid. Making multiple intentions when giving zakat can be a beautiful experience when done correctly for the sake of Allah (Most High).
What is Nisab
Nisab is the minimum amount that a Muslim must have before they have to give Zakah. Nisab was set in gold and silver by our Prophet Muhammed ﷺ. We no longer use silver or gold as a currency, so we need to exchange the value set into our currency.
When is Zakat owed
When your total assets reach or goes beyond Nisab on a given day, zakat is owed one lunar year from that day as long as your total assets do not go below zero and your total assets are still at or above Nisab one lunar year from when you first reached Nisab.
Pay your Zakat
Islam Answers provides a service for collecting and distributing zakat on a 100% donation policy, ensuring all of the money goes to Muslim individuals eligible to recieve zakat.
Please make sure you have studied the Fiqh of Zakat, without having studied Fiqh of Zakat, you may make mistakes in calculating Zakat.