WORLD RELIGIONS

Detailed explanation-1: -Posted in: Society & culture. Zakat, the third pillar of Islam, is a donation that Muslims regard as a mandatory act within their faith. Followers of Islam who have at least a minimum amount of wealth are required to give 2.5% of their liquid assets away to charity each year.

Detailed explanation-2: -To be eligible to receive zakat, the recipient must be poor and/or needy. A poor person is someone whose property, in excess of his basic requirements, does not reach the nisab threshold. The recipient must not belong to your immediate family; your spouse, children, parents and grandparents cannot receive your zakat.

Detailed explanation-3: -Zakat is a religious obligation for all Muslims who meet the necessary criteria to donate a certain portion of their wealth each year to charitable causes. It is said to purify yearly earnings that are over and above what is required to provide individuals and their families with their essential needs.

Detailed explanation-4: -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.