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Zakat

ZAKAT

THE BENEFIT OF GIVING ZAKAT

Allah Ta'ala has stated that 'success is for those who give Zakat. He has also stated 'Whatever you give, Allah will replace it with even more and Allah is the best at giving wealth'. He has also stated 'that those who are misers, then don't think that whatever Allah has given them due to His virtue that it is a good thing for them but it is a bad thing for them, because that item will be wrapped around their necks and a lock put on it for those who are tight with their money'.

CONDITIONS WHEN ZAKAT WOULD BECOME NECESSARY
  1. To be a Muslim
  2. To be an adult
  3. To be sane
  4. To be free (i.e. not a slave)
  5. To be the owner of goods above Nisaab (threshold-where Zakat would become necessary)
  6. To be a complete owner of the goods
  7. To be free from any sort of loan
  8. To be free from any goods which are regarded as basic necessities of living
  9. The good have a value which will increase
  10. For a year to pass
ZAKAT FOR GOLD. SILVER AND BUSINESS GOODS NISAAB FOR GOLD AND SILVER
HOW MUCH ZAKAT SHOULD BE GIVEN ?
CALCULATION FOR GOODS MORE THAN THE NISAAB
WHOM CAN ZAKAT BE GIVEN TO ?
  1. Faqir - poor person
  2. Misqueen - Beggar
  3. Aamil (Designated Person for collection)
  4. Riqab – Slave
  5. Gharim - Person in debt
  6. Fee-Sabeelillah - Spent in the path of Allah
  7. Abn-isabeel – Traveller