How to calculate Zakat money

calculate Zakat money is based on a quorum and a percentage specified in Islam. Usually 2.5% of mature wealth should be taken out after legal deductions and debts. Zakat money can be calculated by the total funds owned and then calculate the financial quorum and calculate Zakat on this basis. One of the things that needs to be taken into account is the non-calculation of funds subject to debt or funds invested in real estate and fixed assets.

Zakat money: concept and importance

Zakat money is one of the important Islamic pillars, as it is considered a religious duty for Muslims. Zakat means withholding and donating a certain part of the matured wealth to distribute it to specific categories of people in need. Zakat money promotes spirituality and is considered a means of achieving social solidarity and solidarity in the Islamic community.

How to calculate Zakat money in Islam

Zakat money in Islam is calculated by taking a fraction of the mature wealth that a person owns. The Zakat rate is 2.5% of the total value of the money after deducting debts and basic expenses. It is calculated based on the Quorum, which varies from money to money according to sharia rules. Zakat money must be paid on time annually.

Who are eligible for Zakat money

Islam defines certain categories that deserve to receive Zakat money. These categories include the poor, the poor, the needy, travelers and workers in the collection and distribution of Zakat. Zakat money should go to these people to improve their lives and help them meet their basic needs. Zakat is considered a legitimate obligation for every Muslim who is able to pay it and direct it to the specified beneficiaries.

The poor and the poor: who deserves Zakat money

Those eligible for Zakat money include the poor and those who do not have enough to meet their basic needs. The poor must be unable to earn enough money to live, while the poor must have wealth but not enough to meet his needs. Zakat money should be directed to these individuals to help them improve their living conditions and alleviate their material suffering.

How to calculate Zakat money

How to calculate Zakat money

Needy families and zakat collectors

Those eligible for Zakat money also include needy families, which are families who are in financial distress and need financial assistance to meet their basic needs. Part of the Zakat money can be used to direct it to support these families and improve their living conditions. In addition, Zakat collectors are important as they organize, collect and distribute Zakat money in a correct and fair manner to the deserving.

Share of Zakat and discount rate

The share of Zakat is the amount that must be taken out of the money owed for Zakat, and is equivalent to 2.5% of the total funds and investments for the current year. As for the discount, it is the amount that can be deducted from the total amount before calculating Zakat, and includes debts, necessary expenses, taxes due and others. If the debts and necessary expenses exceed the established limit, Zakat must be paid on the total amount of money that a person has.


Zakat calculation percentage: how much percentage of money should be taken out

The percentage of calculating zakat is equivalent to 2.5% of the total funds and investments for the current year. Muslims must pay this percentage of their outstanding wealth for Zakat. For example, if you have 10,000 riyals, the share of Zakat will be 250 riyals. This ratio ensures a fair distribution of wealth and a contribution to the upliftment of the whole society.

Allowed discounts: what discounts can be taken into account

When calculating Zakat money, there are some discounts that can be taken into account. These rebates can include debts you have and basic costs such as rent, bills, and work costs. Also, Islamic investment instruments and compensation for financial losses can be taken into account. However, the laws of Zakat must be adhered to, deductions must be calculated accurately and not misused to evade Zakat.

How to pay Zakat money

Zakat money can be paid by several legitimate methods. Muslims can pay it directly to the poor and needy in society, or through charitable foundations. Some common ways to pay Zakat money include transferring the money directly to the poor, or paying it through charitable donation funds, and also investing in development projects that benefit the poor and needy. All these methods are aimed at implementing the imposition of Zakat in a real and sustainable way.

Legitimate ways to pay Zakat money

Legitimate Zakat money can be paid by many different methods. Muslims can pay it directly to the poor and needy in society, or by donations to charities and Islamic institutions. In addition, it can also be invested in development projects that benefit the poor and needy. The payment of legitimate Zakat money aims to achieve social justice and the development of the Islamic community.


Donations and charitable institutions as alternatives to paying Zakat money

Muslims can also use donations and support of charitable institutions as an alternative to paying Zakat money. This is a useful option for those who do not have the time or ability to determine the direct beneficiaries of Zakat. Donations and financial contributions can be directed to charities and Islamic institutions that distribute aid and support to the poor and needy. This option is an effective way to support charitable projects and promote sustainable development in society.

How to calculate Zakat money

How to calculate Zakat money

The importance of directing Zakat money correctly

The importance of directing Zakat money correctly lies in the fact that it contributes to the achievement of several benefits. When zakat is properly directed in accordance with the provisions of Sharia, it contributes to improving the conditions of the poor and needy and reducing poverty and economic rigidity in society. Channeling the right Zakat money also promotes social justice and helps the availability of help to those who need it the most.

The impact of properly directing Zakat money on society

The impact of properly directing Zakat money on society cannot be ignored. When zakat is directed according to the provisions of Sharia, it improves the living conditions of the poor and needy in society. In addition, properly directing Zakat promotes social justice and contributes to the creation of a more equal and stable society. Thus, the correct direction of Zakat money is an essential part in building a prosperous and interconnected society.

Preference in supporting the poor and needy in a sustainable way

The advantage in supporting the poor and needy lies in providing support in a sustainable way that enables them to achieve financial independence in the long term. By providing vocational training, practical opportunities and microcredit support, the poor and needy can become active members of society and live with dignity. Sustainable support is aimed at permanently changing their economic situation rather than providing temporary assistance.


Conclusion

Muslims should adhere to the provisions of Zakat and pay it in a correct and timely manner. It is an opportunity for honesty, compassion and cooperation in society. Individuals should seek the help of Shari’a and reliable review of the Zakat account and direct it in the right way. This will contribute to supporting the poor and needy and achieving sustainable economic development in the Muslim community.

The importance of compliance with the provisions of Zakat money

Muslims should adhere to the provisions of Zakat and pay it in a correct and timely manner. It is an opportunity for honesty, compassion and cooperation in society. Individuals should seek the help of Shari’a and reliable review of the Zakat account and direct it in the right way. This will contribute to supporting the poor and needy and achieving sustainable economic development in the Muslim community.

You can visit the Ahad Association website to find out more about the projects it offers

Related articles:

Social and economic benefits of Zakat

Join us in our message by donating

DONATE NOW

About the Author

ibrahim

Learn more on this subject

Related Blog Posts

Newsletter

Join for notifications on events, campaigns, & news