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ZAKAT DONATION

According to Allah (SWT), the word “zakat” comes from the Arabic word “to purify.”

       “A man’s true wealth is the good he does in this world”

In Islam, zakat is the concept of obligatory charity. It is how we give back to less fortunate people with our resources. Realizing that one’s wealth is a gift from Allah (SWT) and giving some of it away to others removes greed and miserliness from the rest of one’s wealth. People must keep the Zakat tradition alive in a world with a lot of social and economic inequality.

Zakat donations are a gift given to the impoverished by the wealthy. It is the responsibility of every able individual to fulfill this responsibility toward those less fortunate. Over the years, we have used zakat to provide food and water to the most vulnerable people. We used it to help poor villages, giving people the means to improve their living conditions and meet their basic needs. We’ve used it to provide emergency medical care and shelter to people in conflict zones.

Who May Receive Your Zakat?

It is important to note that the goal of the Zakat donation in the USA is not simply to fulfill the needs of the poor and needy but to reduce poverty and, ideally, increase the number of people receiving Zakat over the specified limit until they are self-sufficient. Many of us are aware that Zakat goes to those in financial need. Zakat is available to people in eight different categories, as follows:

The Poor

People who don’t have enough money to lead an everyday life like others are considered below the poverty line. They deserve your zakat to provide for their basic needs.

The Needy

These people require more help to meet their needs. They are broke, homeless, and in need of support; they do not own any belongings or have any other income source. They can improve their quality of life with your zakat money.

Zakat collection

Zakat may cover overhead and administration costs associated with this vital community service. Your zakat will support the wages and administrative expenses of the individuals and organizations responsible for ensuring the distribution of zakat.

Freeing captives

Slavery is illegal in many parts of the world, but people are still trafficked and kept as slaves. Zakat money could help enslaved people free themselves and improve their standard of living.

Those in debt

Zakat can be used to help those who are highly indebted. It specifically refers to those in debt who cannot meet their daily needs and responsibilities. For example, suppose a natural disaster destroyed someone’s primary source of income.

In the way of Allah

Those striving in Allah’s path are entitled to their zakat. These people are fighting for Allah’s cause far from their homes. Your zakat can help them improve their lives.

The traveler

It refers to a person who has been cut off from their source of income due to the distance between their home and their place of work. You can give money to help them meet basic needs like food and shelter or to help them return safely to their destination.

What is a Zakat calculator?

The amount of Zakat you can pay will be determined once the value of your net assets is calculated. The zakat calculator includes your total net worth (total wealth). Zakat is only due once a year, and most Muslims choose Ramadan to give it because it is a time when charity is encouraged, rewarded, and full of blessings. Our Zakat Calculator assists you in estimating how much Zakat you must pay. Use this page to figure out how much Zakat you need to pay. By doing so, you will follow a prophetic tradition and contribute to the health and well-being of society and its less fortunate members.

FAQ

Zakat is a yearly charity that God requires Muslims to pay with their money and property. Its payment is a divinely established right for the poor, vulnerable, and deserving.
There are eight different categories of people who are eligible to receive zakat. Poor, needy, zakat collectors, those who have been enslaved, those in debt, in the cause of God, and travelers.
You can calculate living expenses, such as food, clothing, and utilities, from the zakat calculator. This can help you calculate your assets and deductible liabilities, making it easier to calculate your zakat. Your zakat calculations can be made as easily with BDesh Foundation.




Zakat on gold

Zakat is payable at 2.5% of the wealth one possesses above the nisab. Nisab, which is equal to 3 ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakat. *As of April 28, 2017, nisab is estimated to be $3,587.79. Zakat is liable on gold, silver, cash, savings, investments, rent income, business merchandise and profits, shares, securities and bonds. Zakat is not paid on wealth used for debt repayment of living expenses such as clothing, food, housing, transportation, education, etc.

Using credit card to pay for zakat

Please consider adding 2% when using Visa and Mastercard, and 2.5% when using American Express to your total zakat donation—this will compensate for any transaction fees deducted from your donation by the credit card companies, and will ensure that your intended zakat amount is paid in full.

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