What kind of wealth does Zakat pay?
The wealth on which Zakat is to be paid is: Personal wealth and assets (if they exceed the Nisab and are not for personal use, such as a house or jewelry); liquid assets or of which a profit is expected; agricultural products; won; treasures, mines, etc.
In addition, there are three main conditions for Zakat to be mandatory in these types of wealth: That the property is exclusive, growth (current or potential), the passage of a year of zakat.
How much is paid?
Zakat is 2.5% of the total sum of wealth that can be calculated in monetary form, provided that the nisab is exceeded.
The nisab, or minimum amount, is the equivalent of 85 grams of gold (20 gold dinars) or 595 grams of silver (200 silver dirhams) in the local currency (this would amount to 4.400€ in gold and 392€ in silver, to 10/08/2023). This minimum wealth must have been in possession for one year.
According to the consensus, the nisab will be calculated in gold, therefore the minimum amount to be valued in the local currency is stipulated at 4.400€.
If you have possession of gold or silver, Nisab is half a dinar for every 20 and 5 dirhams for every 200, or its equivalent in grams.
The Zakat of agricultural products is 5% or 10% depending on the form of irrigation. The Zakat of cattle depends on the type and quantity. The Zakat of the gold and silver mines and the treasures found is a fifth.
How do you pay?
The traditional way and according to the practice of the Prophet, peace be upon him, is that the Zakat of wealth that is visible (crops, livestock, etc.) is taken by the authority of the place. We must remember that Zakat is an obligation and a right of the poor, not a voluntary gift. Regarding the Zakat of monetary wealth, it is also handed over to the authority after determining if there is enough wealth to pay it.
How do you pay to SMF?
The Seville Mosque Foundation has put into operation a system for collecting and distributing the Zakat to make it easier for Muslims in Seville to comply with this mandatory pillar and ensure a way for those who have the right to receive it to do so.
This is something that has been going on for years, and its benefit has reached hundreds of people, but in a limited and private way and that we now want to open to all Muslims in Seville.
The operation of the system is very simple. If you have to pay the Zakat, you think you have to pay it or you are not sure, you can contact us by phone or email and we will put you in touch with the appropriate person with knowledge of the Fiqh of the Zakat who can advise you in your personal case, in a totally confidential way. Once the relevant valuations have been made, if you really have to pay the Zakat, you can deliver it directly to the Seville Mosque Foundation by means of transfer, cash, check or any other form.
The Seville Mosque Foundation has an open list of people who need to receive the Zakat and all the Zakat that is collected is distributed according to the prescribed categories. This list is open to the registration of any person who receives potential Zakat with the sole condition that they are Muslim and reside in Seville.
In the same way, the Seville Mosque Foundation keeps a record of all the people who deliver Zakat and the amounts. Once a year, the Foundation will publish a document that will be made public where all the Zakat collected and delivered will be specified, maintaining the confidentiality of the identity of those who deliver and receive it.