Zakat

How do I know if I have to pay zakat? The nisab (the nisab is the minimum amount of accumulated wealth) of gold (which we use in Seville Mosque Foundation) is 5.380€ on 5/06/2024. This means that if at any time during the year you have exceeded this amount of accumulated wealth and you have remained above it for a …

Who can receive Zakat? The stipulated categories that Zakat can receive in the Qur’an are 8: (1) the needy, (2) the poor, (3) who work to collect and distribute it, (4) those whose hearts are tamed (close to Islam), (5) to rescue slaves, (6) for those overwhelmed by debts, (7) for those who strive in the cause of Allah, (8) …

What kind of wealth does Zakat pay for? The wealth on which Zakat is to be paid is: Personal wealth and property (if it exceeds the nisab and is not for personal use, such as a house or jewelry); liquid assets or from which a profit is anticipated; agricultural produce; livestock; treasures, mines, etc. In addition, there are three main …

What is it? Zakat is the third pillar of Islam and consists of the percentage of accumulated surplus wealth that during a lunar year is not used, provided that the nisab (minimum amount to be paid) has been reached, which the Muslim is obliged to pay. The literal meaning of the Arabic word Zakat is growth, increase and purification. Its …

Zakat is the third pillar of Islam and an obligation, as well as prayer or fasting in Ramadan, for every Muslim who meets the requirements for it. In addition, Zakat is a right of those who receive it over the wealth of those who have to pay it. It is also a way of putting wealth in circulation in society …