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What is Zakat and its Importance

Learn about Zakat, its significance in Islam, and how this obligatory charity supports the needy while purifying wealth and fostering social justice.<br>https://alqurandesk.com/what-is-zakat-importance-benefits-in-islam/

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What is Zakat and its Importance

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  1. What is Zakat Understanding Importance website: www.alqurandesk.comEmail: info@alqurandesk.com

  2. What is Zakat? • Definition: Zakat is one of the Five Pillars of Islam, meaning "purification" and "growth." • Purpose: It purifies wealth, supports the needy, and ensures fair distribution of resources. • Obligation: Muslims with wealth exceeding the Nisab (minimum threshold) must give 2.5% annually.

  3. Importance of Zakat in Islam • Spiritual Significance: Purifies wealth and brings blessings. • Social Impact: Reduces poverty and fosters community support. • Economic Role: Redistributes wealth to create financial balance in society. • Quranic Reference: Surah At-Tawbah (9:103) - Zakat cleanses wealth and brings divine blessings.

  4. Who is Eligible for Zakat? • As per Surah At-Tawbah (9:60), Zakat is given to: The poor (Al-Fuqara) • The needy (Al-Masakin) • Zakat collectors • Those in debt • Travelers in need • Those in bondage (slaves) • Those striving in the way of Allah (Fi Sabilillah) • Those whose hearts need reconciliation

  5. How to Calculate Zakat? • Applies to: Cash, gold, silver, business assets, and investments. • Rate: 2.5% of total eligible wealth. • Example Calculation: • If savings = $10,000 → Zakat = $250 (2.5%) • Tools: Use Zakat calculators for accurate estimations.

  6. Types of Zakat • Zakat al-Mal: • Given annually on savings, business assets, and investments. • Zakat al-Fitr: • A small fixed amount given before Eid al-Fitr to ensure all Muslims can celebrate.

  7. Conclusion • Zakat is not just charity—it is a duty that strengthens faith, helps those in need, and promotes justice. By giving sincerely, we earn Allah’s blessings and create a more compassionate society.

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