Zakat means to purify. It’s an essential pillar of Islam, next to fasting. Paying of Zakat is a religious duty or obligation of all Muslims who have a certain amount of wealth to help the poor and needy. Therefore it is a third important pillar of Islam. Zakat purifies our wealth as Salah purifies our souls and also purifies our body. Islam teaches us to live well and make others’ lives better. In the zakat, process wealth circulates to everybody of the nation so everyone can fulfil his needs. Therefore Islam teaches us how, when, and to whom to pay zakat money.
Zakat is an important part of the Muslim faith. Following is the importance of zakat:
Islam is a perfect religion. It provides proper guidelines for zakat paying. People who have a certain amount of wealth are eligible to pay zakat. Such an amount is called “Nisab.” Nisab is the minimum wealth amount to oblige Muslims to pay zakat. So people who deserve zakat are as below:
Goal and silver possessed by a person determine the threshold amount to pay zakat. It is the value of 87.48 grams of gold or 612.36 grams of silver or its equivalent cash also.
According to the Quran, there are eight types of people who can receive zakat. these are: