Zaka’at is the third obligatory pillar of Islam. The system of Zaka’at, Nisab of Zaka’at on gold is described in Quran and Hadith. According to Islam, the purpose of Zaka’at is to circulate the money among all the poor of society equally. It helps to prevent the concentration of wealth in few hands. All the important information and guideline about Zaka’at in Islam is provided in this article.
Zaka’at is paid once in a year. It is like a tax on your wealth to help the needy people. Islam makes it obligatory to pay Zaka’at for a person who owns animals (agricultural products), gold, silver and money. A specific ratio is defined by the Islam on which you have to pay Zaka’at.
Ratio of Zaka’at in Islam:
- Nisab is the ratio of money that should be paid as Zaka’at like on having 85g pure gold you have to pay 2.5% of that gold as Zaka’at.
- If a person owns 595g pure silver then he should give 1/40 of the silver to the poor.
- Zaka’at is also paid, if you are having agricultural products. 1/10 of that production should be paid as Zaka’at.
- If you have amount equivalent to the 595 grams of silver then you should pay one fortieth of that amount to the Masaakeen.
- On having 120 goats or sheep then you should pay amount equivalent to the price of two goats. If the number of animals is greater than 200 than you have to the amount equivalent to the price of three animals.
To whom Zaka’at should be paid?
There are clear instructions about the people who deserve to get the money of Zaka’at. It cannot be given to the person who has 52 Tola silver or the equivalent wealth. Non Muslims are also prohibited to be given the Zaka’at. Zaka’at cannot be given to the mother, father, grandparents, grandchildren, husband or wife to each other and other than these relatives you can pay Zaka’at to your relatives. It should also be not given to the Syeds; descendents of Prophet (PBUH)’s daughter. You are not allowed the money of Zaka’at against the services rendered to you or against the outstanding debts.
Why Zaka’at should be paid?
Zaka’at is given to the needy and poor people so that they can get the necessities of life. Zaka’at purifies our income and it will remove the love of wealth. If Zaka’at system is established in all over the world, it will reduce the poverty level. It also helps to prevent the hoarding of money and monopoly in the society.