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Zakat is the third pillar of Islam and requires all followers of the faith to donate 2.5% of their personal wealth to help others in need every year. Muslims believe all things belong to Allah.
Personal wealth is granted by Allah, and held in trust by us during our lifetime. As Muslims, it is compulsory for us to donate a percentage of our personal wealth to those who are less fortunate than oursevles.
To make sure that we have enough money for our private outgoings, including enough money to look after our own family, Zakat is only paid on assets exceeding a minimum threshold or Nisab.
The Zakat threshold or Nisab is calculated according to strict measures used to value gold and silver at the time of the Prophet Mohammed (PBUH).
Scholars have set the Nisab at 85 to 88 grams of gold and 595 to 612 grams of silver, which is around £2,500 or £275 in the present day.
The difference between the two values is due to the variations in demand for gold and silver, which was more equal in the days of Prophet Mohammed (PBUH).We have created a simple online calculator for you to determine your Zakat for the current year.
Remember Zakat is not just for Ramadan,
it's for life!you can pay your Zakat at anytime of the year to help the disabled children across Afghanistan. You can also set up a direct debit to pay your Zakat in monthly instalments between now and next year.
Help those less fortunate !
Calculate Your Zakat in Minutes