Your Zakat Will Make Them Happier
they are worse off than the poor and needy
What is Zakat?
‘Take from their wealth so that you might purify and sanctify them.’
(The Holy Qur’an, chapter 9, verse 103)
Zakat is recognising the blessings and wealth that Allah has bestowed upon us.
It is a religious obligation on every Muslim that has reached puberty, is sane and possesses the minimum required wealth (Nisab).
It involves giving a set amount of 2.5% of one’s wealth to those in need
Who Receives my Zakat?
1) The poor & needy – These people may have some wealth, but not enough to make up the Nisab.
2) The destitute – Such people have nothing other than the very basic necessities; they are worse off than the poor and needy.
Zakat cannot be used to build mosques, to bury the deceased, or to clear the debt of the deceased.
Your Zakat is distributed by Global Rahmah Foundation to those in need, to our brothers and sisters to remind them that they are not forgotten. Your zakat will see them on their way to becoming happier, healthier and better adjusted, so they may become the zakat givers in the future, not the receivers.
Am I obligated to pay Zakat?
Zakat is payable on one’s Nisab. It should be calculated on any surplus wealth you have had for at least one lunar year. Items one must pay Zakat for are:
- Gold, silver, precious metal, including ornaments/ jewellery containing gold/silver.
- Stocks and shares.
- Money you have lent to others.
- Cash in bank accounts, committees or at home.
- Any business stock.
- Agricultural produce and livestock (cows, chickens, goats etc).
- Property you own for investment purposes.
How do I Calculate How Much Zakat I Owe?
The easiest way to calculate your Zakat is by finding the monetary value of each type of wealth, then calculating 2.5% of the total sum.
Use GRF’s handy Zakat calculator.