Zakat (also known as ‘Zakah’), is the giving of a set amount of your wealth to charity. Muslims pay Zakat as an act of worship, and although it is sometimes compared to a tax, it isn’t like taxes imposed by governments. Zakat is a spiritual duty, solely for the sake of Allah. It is the third pillar out of the five pillars of Islam and Zakat is to be paid on one’s money if that amount of money reaches the minimum required for Zakat and if it has been in the person’s possession for a year’s time. The amount to be paid on such holding is 2.5%. The minimum required holding of wealth before one is obligated to pay Zakat is known as the nisaab. There is actually a distinct The amount of zakah is the same for everyone regardless of their different income brackets. The minimum amount is one sa' (two handfuls) of food, grain or dried fruit for each member of the family. This calculation is based on Ibn 'Umar's report that the Prophet sallallahu 'alayhi wa sallam made zakatu'l-fitr compulsory and payable by a sa' of There are two kinds of zakat payments — one paid out of savings and another special payment, Zakat Al-Fitr, made before Eid to help people pay for celebrations. In Australia this year Zakat Al Dịch Vụ Hỗ Trợ Vay Tiền Nhanh 1s.

minimum amount for zakat