WORLD HISTORY

Detailed explanation-1: -Zakat is an Islamic financial term. As one of the pillars of the faith, it requires all Muslims to donate a portion of their wealth to charity. Muslims must meet a certain threshold before they can qualify for zakat. The amount is 2.5% or 1/40 of an individual’s total savings and wealth.

Detailed explanation-2: -Several different categories of charity are defined in Islam, the two most important being zakat (obligatory charity) and sadaqa (voluntary charity). Zakat is a specific, standardized percentage of one’s extra wealth (over and above the necessities of life) that must be given to the poor and those in need.

Detailed explanation-3: -The Prophet Muhammad (peace be upon him) said: “Whoever feeds someone who is hungry will have his sins forgiven, and whoever helps someone to travel will have his sins forgiven. “Feeding the hungry, giving food to the needy, and helping people with their needs are all good deeds that can earn us a place in Paradise.

Detailed explanation-4: -Zakat Payable Amongst the Five Pillars of Islam is Zakat, a duty expected of every able Muslim. For every able person who meets the minimum requirement, known as the Nisab threshold, they must give 2.5% of their wealth to charity before the end of the Lunar year.