Zakat is the obligatory annual charity that every adult, sane Muslim who possesses wealth above the Nisab must pay. It is 2.5% of accumulated wealth held for one lunar year.
Who Must Pay Zakat?
- Adult Muslims
- Sane individuals
- Those whose wealth exceeds the Nisab
- Wealth held for one full lunar year
What is Nisab?
The Nisab is the minimum amount of wealth a Muslim must own before Zakat becomes obligatory. It is equivalent to 85 grams of gold or 595 grams of silver.
What is Zakatable?
- Cash and savings
- Gold and silver
- Business inventory
- Agricultural produce
- Livestock
- Investments and stocks
How to Calculate?
Zakat = 2.5% of total zakatable wealth after deducting immediate debts and expenses.
If you need help calculating your Zakat, please visit the masjid office. Our team can assist you.