The Arabic word “Zakat” means growth and development. Muslim scholars define Zakat as a form of compulsory charity established by the Quran and Sunnah (prophetic sayings and actions) for the well-being of human beings in this life and help them attain salvation in the hereafter. Paying Zakat is an obligation on every Muslim who has the prescribed minimum.
By Paying Zakat, individuals are encouraging the growth of business and industry. Paying Zakat sets a tone of selfless sacrifice for material wealth by helping the less fortunate members of society. Paying Zakat also provides different sects with their due rights to improve social harmony among them so that all segments of a society observe justice.
Paying Zakat brings about economic stability within the community because it excludes non-Muslims from its benefits, so they will not be led to become parasites on the economy of the Muslim community. Paying Zakat promotes rational thinking, encouraging people to engage in charity instead of irrational giving like gambling or donating money on false hopes.
The rationality of Paying Zakat is evident from the fact that this form of charity does not encourage consumption but encourages savings and investment in various economic activities for socio-economic development. Paying Zakat entails eliminating excess money at home to reserve certain funds for capital formation, reinvestment, and surplus.
Paying Zakat thus spurs production, which leads to job creation. Paying Zakat inculcates high standards of honesty among its givers who refrain from dealing in usury or haraam (prohibited) transactions. Paying Zakat helps individuals develop their personalities by eradicating greed, hatred, personal biases, etc., so they can live a life based on’s values of justice and full-fledged participation in society. Paying Zakat is thus a positive affirmation of a Muslim’s faith and belief in Allah (God) and trust in His Prophet Muhammad (PBUH).
Zakat is obligatory when one reaches the nisaab level when total savings or net wealth exceeds the prescribed minimum standard. Paying Zakat once every lunar year during Ramadhan is compulsory on all eligible based on their salvation exceeding the minimum value, equal to 85 grams of silver as per current rates. Paying pilgrimage tax (Zakatul-fitr) for each family member just before Eid ul Fitr after Ramadhan completes another pillar of Islam besides paying Zakat. Paying this form of charity is also obligatory as Paying Zakat.
This tax is an act of purification that fulfills Muslims’ inner urge to break the fast after Ramadhan with good deeds. Paying Zakat and Paying pilgrimage (Zakatul-fitr) before Eid ul Fitr completes the third pillar of Islam; paying Zakat during Hajj also becomes obligatory for those capable of bearing its expenses.
Paying Zakat regularly is one of Allah’s commandments revealed in the Quran and Hadiths (prophetic sayings). Hadith No.31, narrated by Abu Saeed al Khudri, states that “A time will come when one will not care how one gains one’s wealth”.
Islamic life is based on specific values and principles that must be adhered to by following the path of Allah (SWT). Paying Zakat dawns a new era among Muslims where they become aware of their duties and responsibilities and take care of those deprived of all basic needs and live below the poverty line. Paying Zakat is not limited to giving money.
Still, it covers all possible means such as labor, capital, or expertise so that economic development occurs at the grass-root level among deserving segments of society. Paying Zakat thus contributes to nation-building because every worthy person and the whole part of society benefit from this charitable act. It helps build a strong bond between the rich and poor, which reduces the economic gap leading to better overall socio-economic conditions.
Paying Zakat establishes a culture of giving so that the entire community shares both material and spiritual wealth with less fortunate members of society. Paying Zakat also helps build and promote mutual understanding between different sects and races within the Muslim nation because Paying Zakat eliminates economic discrimination based on race or denomination. Paying Zakat is thus an obligation on every earning member of society then.
To Calculate Your Zakat Please Visit: https://www.sktwelfare.org/ramadan/zakat-calculator/
This zakat number cruncher is an astounding asset. It permits clients to discover the amount Zakat they owe in only a couple of straightforward advances. Just information the zakatable sum into this zakat number cruncher, and it will show precisely what sum you want to pay Zakat on, giving itemized guidelines on who ought to get zakat installment and how much every individual ought to get.
People can likewise utilize this zakat mini-computer to guarantee that they are satisfying their zakat commitment over time. The CMWD has done all of the numerical work for you! All computations are given for nothing.
Giving Zakat is probably the best deed that you can perform during Ramadan. Zakat-qualified people ought to endeavour to give Zakat however much as could be expected to receive the profound rewards over time. The zakat number crunchers recorded above make it simpler than any time in recent memory to work out zakat instalments, observe zakat table beneficiaries, and give zakat reserves.