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Zakat is one of Islam’s 5 pillars and an essential obligation for Muslims with the financial means to perform it. It is a form of charity that is mandatory for sane, adult Muslims who meet certain eligibility criteria. This article will outline the steps to perform zakat in a simple and easy-to-understand manner. Following these […]
The etiquette of giving zakat lies in making the intention (niyyah) before giving it to its recipients. Piety and sincerity are also other preconditions for giving zakat, as it’s an act of worship that requires the purification of the heart in the first place. This article will further explore the etiquette of giving zakat to […]
Zakat is one form of charity in Islam. It purifies one’s wealth, whether that wealth is cash, gold, shares, or stocks. What is stocks’ and shares’ zakat? And how can you calculate it? This is what we will discuss in this article. What are shares? First, let’s define the difference between stocks and shares. ‘Stock’ […]
The literal meaning of Zakat is to purify your wealth by donating a portion of one’s wealth to those in need. The Zakat Meaning Islam teaches all Muslims to take care of one another and give a helping hand to those brothers and sisters who are in need, to provide support whenever needed, and to […]
Real Estate Counts as Wealth or Not Zakat is one of the Five Pillars of Islam. However, when it comes to Zakat on real estate, we need to understand the purpose for which this “real estate” is bought for. In other words, the basic guideline states that real estate is not wealth that is subject […]
Conditions that Make Zakat Obligatory Allah commanded us to give Zakat to people who deserve it.Zakat is not obligatory for all people. Some conditions should be in a Muslim to give Zakat, like: The bare minimum is approximately 2 kg of wheat flour, rice, or other staple foodstuffs per household member, including dependants, even if […]
Zakat Due on the Property Due to your property, you have to pay zakat every year for a property bought to sell in the future and earn capital gains. Zakat is not due on: The home you own and live in. A home you own where any dependents live (Family, children, etc.). A buy-to-let property […]
Lillah Meaning Lillah is any form of charity given purely to please Allah (SWT). However, this charitable giving is provided entirely voluntarily and not like Zakat. “O you who believe, spend of the wealth We have bestowed upon you (in Allah’s way) before the Day comes when there shall be no buying and no […]
What is Zakat? Zakat is the third pillar of Islam. It is an annual charity, and it is obligatory for all Muslims. This payment or giving a specific portion of wealth is for poor people, vulnerable, and deserving. There are some conditions for giving zakat, Zakat on Gold Zakat on pure gold reaching nisab equals […]
