Translate

What Is Zakat?

What Is Zakat?
What Is Zakat? (Gambar iStock)


What is Zakat?

Zakat is an Islamic Financial Term referring to the obligation that an individual must donate a certain portion of wealth every year for charitable purposes.


 Zakat is an obligatory process for Muslims and is considered a form of worship.  In addition, zakat is also used to channel lust to fellow men. So, whoever seeks pleasure from other than wives and slaves, in fact they are people who go beyond the limits of Halal to unlawful.


 Keywords

Zakat is a religious obligation, instructing all Muslims to meet the necessary criteria to donate certain assets year after year.


Zakat is stated to purify one year and is greater than what is required to provide for a person or family.


Zakat is based on income and property value.  The minimum general amount for those who qualify is 2.5%, or 1/40 of the Muslim's total savings and wealth.


If personal property is below the nisab for one lunar year, no zakat is owed for that period.


How Zakat Works

In the Qur'an there is clear evidence regarding the divinity and the oneness of Allah, which is believed to be true by those who believe in Allah, through his holy nature.  This is an obligatory procedure for productive Muslims above a certain limit and should not be confused with Sadaqah, the act of voluntarily giving a gift of kindness or generosity.


The religious text offers a complete description of the minimum zakat that should be distributed to those less fortunate.  Generally varies, depending on whether wealth comes from agricultural production, livestock, business activities, paper currency, or precious metals, such as gold and silver.


Zakat is based on income and property value.  The minimum general amount for those who qualify is 2.5%, or 1/40 of the Muslim's total savings and wealth.


Every year, between $200 billion and $1 trillion are spent on obligatory alms and voluntary charities across the Muslim world, according to Islamic finance analysts.


Zakat is often used at the end of this year for calculations on people who are unable to earn anything.  The recipients are poor and needy, struggling Muslim converts, enslaved people, people in debt, soldiers fighting to protect the Muslim community, and those who were stranded during their journey.  Zakat collectors are also compensated for the work they do.


Zakat vs.  Nisab

Nisab is a term that often appears in joint zakat.  This is a threshold, referring to the minimum amount of wealth and possessions that a Muslim must own before being obliged to pay zakat.  In other words, if personal wealth is below the nisab for one lunar year, no zakat is owed for that period.


Referensi

https://www.investopedia.com/terms/z/zakat.asp

Post a Comment

0 Comments