What is Zakat in Islam? A Comprehensive Guide to its Importance and Calculation
What is Zakat in Islam?
Zakat, one of the Five Pillars of Islam, is an essential act of worship that involves giving a specific portion of one’s wealth to those in need. The word “Zakat” itself means “purification” and “growth” in Arabic, reflecting how giving charity purifies a Muslim’s wealth and brings blessings. It is obligatory for Muslims who meet certain criteria to pay 2.5% of their accumulated wealth annually. This includes assets like savings, gold, silver, and even business profits. Zakat aims to reduce inequality and provide support to the poor, widows, orphans, and those in need within the Muslim community.Zakat not only serves as a means of financial assistance but also strengthens the moral fabric of the community by emphasizing social responsibility and empathy. By giving Zakat, Muslims contribute to creating a just and balanced society, while also purifying their wealth and increasing their spiritual well-being.