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We will be handing out Zakat and distributing food packs to our needy brothers and sisters all around Gambia throughout the year.
What is Zakat?
Zakat is one of the five pillars of Islam and an act of worship. The meaning of zakat is “to purify” and so to purify our own wealth all Muslims are obliged to pay a portion of one’s assets to help those in need. Zakat benefits the giver as well as the receiver.
Zakat can also be spelled as zakah or zakat.
Where do Zakat donations go?
The Qur’an states who may receive Zakat payments:
• The poor
• The destitute
• Administrators/collectors of Zakat
• New Muslims facing hardship
• To free slaves
• Those who are unable to pay their debt
• In the path of Allah
• Travellers who cannot afford to return home
Who pays Zakat?
All Muslim adults who are sane and possess the nisab (a minimum amount of wealth held for a year) should pay Zakat.
What is the nisab?
The nisab is a minimum amount of wealth that a Muslim must possess for a whole year before zakat becomes due.
How much is the nisab?
Nisab can be determined in terms of gold or silver – our Zakat calculator offers the ability to switch between the two values when calculating your donation.
How much Zakat do I need to pay?
Although there are no specific guidelines in the Holy Qur’an on exact percentages to be given as Zakat, the customary practice is to give 2.5% on capital assets. On agricultural goods, precious metals and livestock, the rate varies between 2.5% and 20%.
How do I work out how much Zakat to pay?
You don’t have to do lots of complicated maths as our handy Zakat calculator will do the hard work for you!
What types of wealth are included in Zakat?
Assets that are included in the Zakat calculation are cash, shares, pensions, gold and silver, business goods and income from investment property.
Personal items such as home, furniture, cars, food and clothing (unless used for business purposes) are not included.
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