Zakat is not just a fundamental pillar of Islam. It is also a revolutionary concept with the potential to ease the suffering of millions around the world.
Alhamdulillah, you have the power to transform people’s lives.
What is Zakat ?
Zakat, or almsgiving, is one of the five pillars of Islam, along with prayer, fasting, pilgrimage (Hajj) and belief in Allah (SWT) and His Messenger, Prophet Muhammad (SAW). For every sane, adult Muslim who owns wealth over a certain amount – known as the nisab – he or she must pay 2.5% of that wealth as Zakat.
“…and those in whose wealth there is a recognised right, for the needy and deprived”
- Qur’an 70:24-5
What is Nisab?
The nisab is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat. This amount is often referred to as the nisab threshold.
Gold and silver are the two values used to calculate the nisab threshold. The nisab is the value of 87.48 grams of gold or 612.36 grams of silver
Nisab Value (as of 08/03/2021):
Using value of silver (612.36 grams) – approximately $384.82
Using value of gold (87.48 grams) – approximately $4861.26
Zakat
Campaign
Make a Lasting Impact this Ramadan by donating your Zakat to be distributed to the needy and poor people in Africa (Ghana, Nigeria and Niger).
ZAKAT FAQS
FREQUENTLY ASKED QUESTIONS
