Education
The Complete Guide to Zakat.
Everything you need to know about the third pillar of Islam, who owes it, when it's due, and how it purifies your wealth.
What is Zakat?
Zakat is the third pillar of Islam. It is a mandatory charitable contribution, considered a tax or alms, that every sane, adult Muslim must pay if their wealth exceeds a specific minimum amount known as the Nisab.
The word "Zakat" itself translates to "purification" and "growth." By giving a small portion of your wealth to those in need, you purify the wealth you keep and invite barakah (blessings) into your finances.
Who must pay?
- Adult (reached puberty)
- Sane
- Muslim
- Possesses wealth above the Nisab
- Has held that wealth for one lunar year (Hawl)
What is it paid on?
- Cash and savings
- Gold and silver
- Stocks and investments
- Cryptocurrency
- Business inventory
- Rental property income (not the property value)