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    Zakat

    Zakat is a 2.5% mandatory Islamic charitable contribution, calculated as a percentage of wealth, given to help those in need.

    What Is Zakat

    Zakat is the Third Pillar of Islam.

    Zakat is not an option, it is a compulsory act for all Muslims. It is an act in which one pays 2.5% of their annual savings to those in need. It is a religious duty which washes away impurities from our provision and ensures excess wealth is distributed amongst those in need.

    Today's Nisaab

    Current Nisaab Rates for Gold and Silver

    £6,539.33

    Gold

    Based on the gold price of
    £74.75 per gram

    £510.93

    Silver

    Based on the silver price of
    £0.83 per gram

    When should zakat be paid?

    Zakat is Paid When Two Conditions are Met

    The Nisaab

    The minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat.

    The Hawl

    A lunar Year (354 Days/Islamic Year) has passed on it after reaching the Nisaab.

    How Much Do I Pay?

    One Ummah Uses the Value of Gold as the Standard for the Nisaab

    So the minimum current amount is: £6,539.33 before Zakat is due to be paid. For example, if a year had passed on this amount you would pay 2.5% of this which would be £163.48. If you had £5,000.00 in wealth/assets saved and a year had passed on it then you would pay £125.00

    Zakat Applicable Wealth and Assets

    Cash

    In the bank or at home and that which is saved for anything specific.

    Gold and Silver

    In the bank or at home and that which is saved for anything specific.

    Shares

    The value of the shares you own at their market price.

    Money owed to you

    If it is expected to be repaid.

    Your Business

    The balance sheet value of the Stock you possess.

    Your Properties

    Any rental income that’s been saved of the year.

    Zakat
    Calculator

    Zakat is not an option, it is a compulsory act for all Muslims. It is an act in which one pays 2.5% of their annual savings to those in need. It is a religious duty which washes away impurities from our provision and ensures excess wealth is distributed amongst those in need.

    Live Nisaab Values : Gold:£6,539.33

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    What do you own?

    Tip: If you do not own any of the above, click continue

    Zakat frequently
    asked questions

    Here you can find the most common questions from donors.

    Zakat is one of the five pillars of Islam. It is a religious obligation or tax for all Muslims who meet the necessary criteria. It is a vital part of the social Islamic welfare system. Zakat is 2.5% or 1/40th of one's savings/wealth.

    Beneficiaries of Zakat include:

    1. The poor – Those who do not have enough wealth to meet their basic needs.
    2. The needy – Individuals in financial distress and struggling to survive.
    3. Administrators of Zakat – Those responsible for collecting and distributing Zakat.
    4. Those whose hearts are to be reconciled – New Muslims or those inclined towards Islam who need support.
    5. Those in bondage – People who are enslaved or in captivity, to help secure their freedom.
    6. Those in debt – Individuals burdened with debt who cannot repay it.
    7. In the cause of Allah – Those striving for a just cause, such as humanitarian efforts.
    8. Wayfarer (stranded traveler) – Travelers in need who are far from home and lack resources.
    If you are an adult and sane-minded, then you are eligible to pay Zakat.
    Yes, Zakat is compulsory for every Muslim.
    Zakat is paid annually.

    What Does Zakat Mean?

    The linguistic/literal, or denotative definition of the word zakat (sometimes spelt zakah) is “increase,” as in growth (nama). The word also connotes “purification” (taharah)

    The shar’i definition of the word Zakat is ‘’that which purifies’’, showing that giving zakat is a means of purification for the one giving

    Zakat: A Pillar of Islam and an Obligation

    Zakat is one of the Pillars of Islam and an islamic obligation that must be performed once a year. Zakat is not an option it is a compulsory act for all Muslims. It is an act in which one pays 2.5% of their annual savings to those in need.

    It is a religious duty which washes away impurities from our provision and ensures excess wealth is distributed amongst those in need.

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