Zakat, the third pillar of Islam, is the obligatory annual charity that Muslims are required to give

Every adult Muslim who meets the minimum wealth threshold (nisab) must give 2.5% of their savings, gold, silver, investments, and business profits in annual charity (Zakat).

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Who must pay?

• Every adult Muslim who meets the minimum wealth threshold (nisab).
• If a person’s savings exceed this threshold for a full lunar year, they must pay Zakat.

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How Much to Pay?

• 2.5% of savings, gold, silver, investments, and business profits.
• Nisab is calculated based on either gold (85g) or silver (595g).
• Agricultural produce, livestock, and trade goods have different Zakat rates.

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Who Receives Zakat? (Quran 9:60)

• The poor & needy.
• Charitable causes
• Those in debt.