How to Give Zakat

The Holy Qur'an dictates the need for Zakat.

A duty within Islamic belief is Zakat. Zakat is a willful donation made by stable and capable Muslims to those in need of their charity. The Zakat is a percentage of their total earnings. This amount is calculated when a member has reached or exceeded the Nisab. This is the minimum limit allowed before a Zakat is required. Each Zakat is due at the end of the lunar year.

Instructions

1. Add all incoming monies. Include savings and checking accounts, refundable deposits, monies you loaned out, expected tax refunds, gold, stocks, pensions, investments, invoices due from business, entitled net income, and any cash on hand. Include the value of unused jewelry.

2. Subtract all liabilities from the sum in Step 1. If the difference exceeds nisab of $2,580, you must pay Zakat. Multiple the difference by 2.5 percent to find the amount of Zakat.

3. Contact your local Islamic center to make your payment. Websites are also available for easy online payments. Payments can be made by cash, check or credit card.

References

• Islami City: Zakat