ZAKAT- AN ESSENTIAL ELEMENT OF ISLAM
Zakat: The Third Pillar of Islam
Zakat, the third pillar of Islam, is an obligatory act upon all qualifying Muslims and is the undertaking of submitting a set percentage of his or her profitable wealth to charity. It isn’t an optional act of generosity; it is a compulsory act that each qualifying Muslim needs to carry out annually – the giving of 2.5% of one’s profitable wealth to those in need.
The many benefits of giving zakat include:
The acceptance that nothing on this earth is truly ours and is given to us by Allah SWT to share Recognition that we both enter and leave this world with nothing. The acknowledgement that our status in this world and how much wealth we have is not our choice, but in fact, our Lord’s choice. Emancipating ourselves from the greed of wealth and worldly possessions. Exercising self-discipline. Learning to share and help one another; observing humanity. Remaining humble. A way of purifying one’s own wealth. Promoting a balanced society; circulating money equally and fairly. And, above all, obedience to Allah SWT
“Zakat should be paid during Ramadan”
Zakat is paid annually, dependent on the Muslim’s own circumstances, along with the time when zakat first became due on their wealth. The Islamic year is based on the lunar calendar, which means that the year rotates. A large number of Muslims prefer to pay their zakat specifically during the Holy month of Ramadan due to the sheer amount of rewards and blessings for those who give to charity during the auspicious month. However, it is not an option to delay zakat submission if your zakat becomes due before the month of Ramadan.
Remember, zakat is due on a Muslim’s total wealth as opposed to primarily the excess wealth. Always check the current nisab rates prior to paying zakat.
How is Zakat Distributed?
The receivers of zakat fall into eight categories:
- The poor
- The needy
- Those reverted to Islam who are in less fortunate circumstances
- To free slaves
- For the sake of Allah SWT
- Those who are in debt
- Zakat administrators
- Stranded travelers
It is important to remember that Islam is a religion that encourages and promotes peace and love, so such acts of humanity and maintaining humility are essential to ensure we make the world a better place.
Being one of the Five Pillars of Islam, zakat is an obligation upon all able Muslims. If you are unsure of how much zakat you owe this year, use our handy zakat calculator.
MUNEERUDDIN SHEIKH
GRADE 10
THE INDIAN ACADEMY DUBAI
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