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Zakat Al Mal is an act of worship we perform with the wealth Allah has blessed us with.
It is a religious duty which cleans away impurities and ensures excess wealth is distributed among those in need.
Calculate and give your Zakat today.
Zakat / Zakat al Mal is the third pillar of Islam and is a compulsory charity of 2.5% of a person’s wealth, if they have more than the Nisab value (which can be calculated in gold or silver). Historically, it was set up as a welfare system to support the poor and needy. Zakat is deemed to be the right of the poor.
Currency
Gold (grams)
Silver (grams)
Debts
Upcoming Expenses
So who needs to pay Zakat / Zakat al Mal?
Any Muslim who is past the age of puberty and is sound of mind is eligible to pay Zakat, as long as they meet the threshold of Nisab.
What do you pay Zakat / Zakat al Mal on?
You have to pay Zakat on a number of things:
Who receives my Zakat / Zakat al Mal?
Zakat is given to one of eight categories listed in the Holy Quran. The poor, the needy, those in debt, the wayfarer (traveller), those who strive in the way of Allah (swt), those whose hearts are to be reconciled, freeing those who are in captivity and those who distribute Zakat.
When do I pay my Zakat / Zakat al Mal?
Zakat / Zakat al Mal is payable annually, generally based on the lunar calendar. As long as your wealth remains above the Nisab threshold on that day every year it is obligatory for you to pay it.
What happens if I have missed my previous Zakat / Zakat al Mal payments?
It is still obligatory for you to pay all of your missed Zakat / Zakat al Mal payments, If you are unsure of the amount, you do need to work out the amount of each year that you owe, to ensure you are above the Nisab threshold and eligible to pay.
From the above aayah, we can see that the eight eligible categories of beneficiaries to receive Zakat are:
1) The Poor
2) The Destitute needy
3) Zakat Administrators
4) Those whose hearts are inclined towards Islam (including the new converts to Islam who lack economic support)
5) Freeing slaves
6) Those in debt (their debt is more than half of what they own)
7) In the way of Allah
8) Wayfarers (traveller who has been cut off from essential needs)
Zakat Al Maal can be paid any time during the year and many choose to pay their Zakat during Ramadan.
Any Muslim who possesses the required nisaab (the minimum amount of wealth that one must have before zakat is payable) for one whole year is bound to pay Zakat on that wealth. According to Islamic regulations, Zakat is 2.5% of one year’s total cumulative wealth
MATW works very hard to make sure your donations go to those most in need by directly giving your Zakat Al Maal. You can download our latest Zakat Report here to see who received your Zakat Al Maal.
1) Jewellery & Precious Metals (gold and silver)
2) Amount in the Bank for one year
3) Cattle and crops
Orphans held a special place in Ali Banat’s heart as he did not have children of his own.
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