Zakat, the third pillar of Islam, is a donation that Muslims regard as a mandatory act within their faith. Followers of Islam who have at least a minimum amount of wealth are required to give 2.5% of their liquid assets away to charity each year. The aid should be given to the poor, travelers in need (such as refugees) and other specifically If they are above the zakatable-minimum (nisab), he will have to pay 2.5% of their combined value as Zakat. Thus, what is taken into consideration is the amount one possesses above the zakatable-minimum (nisab) at the end of one’s Zakat year. This is the amount Zakat is due upon. As you can see from the above, the amount of gold this person This section will delve into the basics of Zakat, explaining who is obligated to pay it, the concept of nisab or the minimum amount of wealth on which Zakat is due, and the different types of wealth that are eligible for Zakat. Understanding the principles of Zakat is key to ensure it's correctly calculated and paid. To be liable for zakat, one's wealth must amount to more than a threshold figure, termed the 'nisab'. To determine the 'nisab,' there are two basic measures, either gold or silver. Calculating zakat can seem like a daunting task, but it is actually quite straightforward once you understand the process. I will walk you through the steps I personally follow to calculate my zakat. Firstly, it is important to determine the nisab, which is the minimum amount of wealth a Muslim must have before zakat becomes obligatory. Zakat Al-Fitr is traditionally paid at the end of the fasting in the Islamic holy month of Ramadan. The minimum amount due is the equivalent of about 2 kg of wheat flour, rice or other staple foodstuff, per member of the household, including dependents, even if they do not live in the same house. Approximately $7 per head is a safe estimated The 4 conditions of zakat must be met for it to be valid. 1- The giver must be a sane, adult Muslim. 2- It must be given from a wealth that reached the minimum threshold or nisab. 3- The wealth must be held for a full lunar year. 4- As outlined in Islamic law, it must be given to eligible zakat recipients. LXXO.

minimum amount for zakat