What Is Zakat- Calculate Zakat
Zakat is a important pillar of Islam. The meaning of Arabic word
Zakat is “ To Purify ”. We purify our property by paying Zakat and
we are blessed with growth due to Zakat.
The group of people who are eligible for Zakat are mentioned in
surah at-Taubah. The alms are only for the needy and poor or
orphans (The Holy Qur'an 9:60).
A muslim have to pay Zakat when he/she has money is equal or
greater than nisab. The nisab or minimum amount of money is equal
to the price of 85 grams of pure gold.
Zakat is due after the passing of one Lunar year of having the
property of money by the owner. Zakat is 2.5% of the money in the
property of the owner. The owners have to deduct the loans he or
she has borrowed from others, Then have to check of the remainder
is equal or greater than the nisab, if yes then he or she has to
pay Zakat on it.
Every muslim should have to calculate and pay Zakat if it is due
upon him or her.
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