Definition of zakat based on Quran and hadiths

Crypto Zakat Calculation

Zakat: A Pillar of Islam for Purification and Charity

Zakat, a cornerstone of Islamic faith, is more than just charitable giving. It’s a mandatory act of worship, a pillar of Islam alongside prayer, fasting, pilgrimage, and declaration of faith. The word “Zakat” itself, derived from the Arabic “zakaa,” carries rich meaning: growth, purification, and blessing. Fulfilling this obligation purifies a Muslim’s wealth and soul, fostering a sense of social responsibility and compassion.

The Quranic Foundation of Zakat

The Quran provides the bedrock for Zakat. In Surah Al-Baqarah verse 110, Allah (SWT) commands:

“And establish prayer and give Zakat, and whatever good you put forward for yourselves – you will find it with Allah. Indeed, Allah of what you do, is Seeing.”

This verse emphasizes the significance of Zakat alongside prayer, highlighting its role as a cornerstone of a righteous life.

Hadith and the Prophetic Guidance on Zakat

The Prophet Muhammad (PBUH) further elaborated on Zakat through his teachings (Hadiths). One famous Hadith narrates the Prophet saying:

“The wealth of a person is not diminished by giving Zakat; rather, it increases.”

This underscores the belief that Zakat strengthens, not diminishes, one’s blessings.

Calculating and Distributing Zakat

Zakat is calculated based on the type and value of a Muslim’s wealth exceeding a minimum threshold known as Nisab. This threshold is typically equivalent to the value of 87.48 grams of gold or 612.36 grams of silver. Once a Muslim’s wealth surpasses Nisab, specific rates are applied to different asset classes, such as 2.5% for cash and tradable goods. If you want to calculate your zakat, you can refer to this link.

The recipients of Zakat are outlined in the Quran and Hadith. These include the poor and needy, widows, orphans, travelers in need, those burdened by debt, and those striving in Allah’s cause. Additionally, funds can be directed towards projects that benefit the Muslim community, such as building mosques, schools, and hospitals.

Zakat: A Pillar of Social Welfare

Zakat plays a vital role in fostering social justice and economic well-being within the Muslim community. By redistributing wealth, it alleviates poverty, promotes equality, and strengthens social bonds. It cultivates a spirit of generosity and compassion, reflecting a core Islamic value.

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