WORLD RELIGIONS

Detailed explanation-1: -Zakat means purification which indicates that a payment makes the rest of one’s wealth legally and religiously pure. By following this pillar, Muslims have to deduct certain amount of their wealth to support the Islamic community, and it usually about 2.5% of an individual’s wealth.

Detailed explanation-2: -Zakat, almsgiving, is the third pillar. Social responsibility is considered part of one’s service to God; the obligatory act of zakat enshrines this duty. Zakat prescribes payment of fixed proportions of a Muslim’s possessions for the welfare of the entire community and in particular for its neediest members.

Detailed explanation-3: -As one of the pillars of Islam, Zakat is a form of obligatory charity that has the potential to ease the suffering of millions. With the literal meaning of the word being ‘to cleanse, ‘ Muslims believe that paying Zakat purifies, increases and blesses the remainder of their wealth.

Detailed explanation-4: -Charity also forms the third of the obligatory Five Pillars of Islam – also known as Zakat. It is the act of giving a portion of one’s profitable wealth to those in need each year.