DAILY ISLAMIC REMINDERS. YaumulJumuat, 3rd day of Sha'abaan (FRIDAY 27th of March, 2020).
ZAKAAT IS OBLIGATORY ON OUR WEALTH OR SAVINGS OF ANY KIND Bismillahir Rahmaanir Raheem.
Zakaat is one of the Five pillars of islam. It is an obligation from ALLAH upon every Muslim who possesses the minimum amount of wealth given certain conditions.
The type of wealth upon which zakat is obligatory are Monetary assets, Livestock, Agricultural produce, Merchandise.
Zakaat [obligatory charity] on monetary Assets such as Gold, Silver and currency
must be paid. On gold if it reaches the Nisaab [i.e. the minimum amount liable for Zakaah], which is 20 Mithqaal [a measure which equals 85 grams of pure gold, 1 Mithqaal = 4.25 grams], this means that one should pay ½ a Mithqaal as Zakaat, i.e., 2.5% of the value of gold.
Zakaat must be paid on silver if it reaches the value of 200 Dirhams, which is the equivalent of 595 grams of pure silver; one should then pay five Dirhams as Zakaah, that is, 2.5% of the value of silver.
Similarly, if cash savings reaches the equivalent of the value of 85 grams of gold in 12 months, then one should pay Zakaah of 2.5% on it to the poor or needy people which include charitable organisations who uses it to help humanity needs.
Finally, it should be noted that one is only obliged to pay Zakaah on his money if it reaches the Nisaab by itself or with other money or tradable items added to it and provided a whole lunar year elapses on it. Meaning zakaat is not monthly dues from our wages but our savings for 12 months. But if you want to pay monthly as an act of charity bcs you are not able to save yearly, you can do that by given out 2.5% from your remaining income each month after ALL your monthly expenditure even though this is not required of us that's why I said "As an act of charity".
May ALLAH purify our souls from any disobedience to HIS orders and protect us from HIS punishment. Aameen.
ZAKAAT IS OBLIGATORY ON OUR WEALTH OR SAVINGS OF ANY KIND Bismillahir Rahmaanir Raheem.
Zakaat is one of the Five pillars of islam. It is an obligation from ALLAH upon every Muslim who possesses the minimum amount of wealth given certain conditions.
The type of wealth upon which zakat is obligatory are Monetary assets, Livestock, Agricultural produce, Merchandise.
Zakaat [obligatory charity] on monetary Assets such as Gold, Silver and currency
must be paid. On gold if it reaches the Nisaab [i.e. the minimum amount liable for Zakaah], which is 20 Mithqaal [a measure which equals 85 grams of pure gold, 1 Mithqaal = 4.25 grams], this means that one should pay ½ a Mithqaal as Zakaat, i.e., 2.5% of the value of gold.
Zakaat must be paid on silver if it reaches the value of 200 Dirhams, which is the equivalent of 595 grams of pure silver; one should then pay five Dirhams as Zakaah, that is, 2.5% of the value of silver.
Similarly, if cash savings reaches the equivalent of the value of 85 grams of gold in 12 months, then one should pay Zakaah of 2.5% on it to the poor or needy people which include charitable organisations who uses it to help humanity needs.
Finally, it should be noted that one is only obliged to pay Zakaah on his money if it reaches the Nisaab by itself or with other money or tradable items added to it and provided a whole lunar year elapses on it. Meaning zakaat is not monthly dues from our wages but our savings for 12 months. But if you want to pay monthly as an act of charity bcs you are not able to save yearly, you can do that by given out 2.5% from your remaining income each month after ALL your monthly expenditure even though this is not required of us that's why I said "As an act of charity".
May ALLAH purify our souls from any disobedience to HIS orders and protect us from HIS punishment. Aameen.
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