Simple illustrated guide for Zakat, answers to 7 usual questions | News about religion
With the month of fasting Ramadan In their last days, many Muslims around the world are preparing to fulfill another important pillar of their faith – giving Zakat.
Zakat is a mandatory form of a charity organization in Islam, aimed at supporting the needy and promoting economic equality.
In this visual explanation, we answer seven usual questions about Okato to help you understand its purpose, budgets and benefits.
What are Zakat and Sadaqah?
Zakat is one of five pillars of Islam, which makes it a fundamental act of worship. The word zakat means purification or growth and is commanded in the Qur’an as a means of purification of wealth, promoting social justice and helping those who need it.
Zakat It is mandatory for Muslims who fill the financial threshold, known as Nisab, and is given annually at a fixed percentage of 2.5 (one-40) of one’s wealth. More about how this is calculated, later.
Sadaqah, On the other hand, there is a voluntary charity organization of any amount that can be given at any time.
Who is obliged to give to the rash?
Zakat is obliged to adult Muslims whose wealth above the threshold is NISAB, the minimum amount required to pay Zakat.
Nisab is an equivalent of 85 gm (3 trinity ounces) of gold, or approximately $ 9,000 based on liquid market prices.
In addition to the gold standard for determining the amount of NISAB, there is a silver standard. Nisab based on silver is equivalent to 595 GM (19 Troy ounces) metal. This accepts different economic conditions and ensures that the zakat is available and relevant to a wide range of people.
If a Muslim wealth remains above this threshold of the entire lunar year, they must pay Zakat.
What are the different types of Zakata?
There are two main types of Zakata: Zakat al-Mal and Zakat al-Fitr.
Zakat al-maWhich means “wealth zakat” is the most commonly known form of Zakata. It is an obligation that requires Muslims whose wealth exceeds the threshold of Nisab to donate 2.5 percent of their property a year.
Zakat al-Fitr is a mandatory charity donation of food before Eid prayer, marking the end of Ramadan. It is given to help those who need to celebrate Eid. The amount is generally equivalent to the cost of one meal for a person.
Which assets are wrong?
Zakat must be paid on property and savings, stay for resale or profit, including:
It’s a zakat Not needed about the property used for everyday life, such as:
How is Zakat calculated?
The standard zakat rate is 2.5 percent (one-40) of one’s acceptable wealth.
For example, if someone’s wealth, which is Zakat, is $ 10,000, the amount due is $ 250 (10,000 × 2.5% = $ 250).
Who can receive Zakat?
Zakat is designed to alleviate poverty and support less fortunate. Therefore, it must be given to Muslims who fulfill the criteria of the needs and lack of wealth. The Qur’an determines eight categories of people who meet the conditions for receiving a zakat:
- Poor “Those with little or no income
- Required – Those who have some resources but not enough for a stable life
- Staky administrators – Individuals or organizations responsible for collecting and distributing Zakat
- New Muslims – converts or those prone to Islam who need financial support
- People in a long one – those burdened with debt that I can’t get back
- Stranded passengers – Those who miss financial support while far from home
- People who work in a welfare – individuals participate in religious, educational or humanitarian efforts
- Prisoners and slaves – It was historically used to release enslaved people; Now applies to modern equivalents like related labor
Zakat cannot be given to members of direct families who are considered to be someone’s financial responsibility (such as parents, children or spouses). It cannot be given to those who have a wealth above the threshold of Nisab.
When should you pay a zakat?
While many decide to pay Zakata during Ramadan for their spiritual awards, this can be given at any time within a year.
Once a Muslim wealth surpasses the threshold of Nisab, they must be paid a zakat, provided that they owned that wealth during the full lunar year (known as Hawl).
For example, if someone’s wealth remains above the threshold of Nisab all year, they are obliged to pay a zakat.
However, if the wealth falls below the nisab during the year, there is no need to pay a zakat.
For example, if someone’s wealth exceeds Nisab for a few months, but then falls below him before he finishes all year, they do not have to pay a zakat. It is only when their wealth remains above the nisab for the continuous lunar year that the obligation is paid to the burial.
If one misses the payment of Zakata in previous years, it must retroactively calculate and pay it.
Zakat can be given directly to those who need or through reliable charity organizations and organizations that distribute it accordingly. Although it is encouraged to help those nearby, it can also be given internationally where there is a greater need.
Asking the rich individuals to give part of their property, it prevents the wealth from accumulating in the hands of a few and encourages a fairer distribution of resources, promoting economic balance and reducing income inequality.
