A Pillar of Islam
Understanding Zakat
“And establish prayer and give zakah.” Surah Al-Baqarah, 2:43
01
Who must pay
Every adult, sane Muslim whose wealth stays at or above nisab for one full lunar year (hawl).
02
What is nisab
The minimum threshold, equal to 85 g of gold or 595 g of silver in value.
03
How much
2.5% of your net zakatable wealth: cash, gold, silver, investments and trade goods.
04
Who receives
The eight categories named in Surah At-Tawbah 9:60, including the poor, the needy and those in debt.