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Zakat as translated
from Arabic means growth, multiplicity, fertility, cleansing,
full of baraqah.
Zakat is the third pillar of Islam and is an ibadah
in terms of wealth. A person's iman is incomplete unless
he has performed all the pillars of Islam and a person
should not place less importance on any of the pillars.
Performing zakat is to distribute a particular portion
of one's wealth on which Allah has made obligatory among
the entitled as prescribed in the Quran. |
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Meaning: And be steadfast in prayer; practise regular
charity; and bow down your heads with those who bow
down (in worship). Verse 2: 43 From the viewpoint
of syara', zakat means disbursing a specific proportion
of wealth to the asnafs who are lawfully allowed to
receive the money after they satisfy the determined
stipulations.
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For the individual, Zakat:
- Purifies and promotes assets;
- Develops gratitude for
Allah's bounty;
- Brings about a sense of peace and well-being.
For the society, Zakat:
- Minimizes the feeling
of envy among those who are less well-to-do;
- Provides a religiously-approved
method of managing the society's economy and finance;
- Makes it possible for part of the wealth of the rich to be distributed among the poor.
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The
following four conditions make Zakat compulsory:
- Being a Muslim
- Has full ownership of
assets.
- Nisab (minimum zakatable
amount) is reached. (i.e. the approximate market
value of 86 grams of gold)
- Haul is completed - i.e.
having possession of the assets for a complete Hijrah
year. (1 Hijrah year = 354.5 days)
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- Brings about protection
of property from encroachment and grudge
- A means to aid the poor
and those in need
- Cleanses one's heart from
frugality and parsimony
- Gives support and dignity
to needy Muslims
- A means of expressing
gratitude to Allah for all His bounties
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:: English :: 
