Zakat (Almsgiving)
6 reference items
What does the literal word Zakat mean?
A
To purify or grow
Explanation
Zakat literally means 'to purify' or 'to grow' in Arabic.
What is the minimum possession threshold for Zakat called?
A
Nisab
Explanation
Nisab is the minimum threshold of wealth a Muslim must hold for a year to owe Zakat.
What is the Nisab threshold of Gold in Tolas?
A
7.5 Tolas
Explanation
The gold Nisab is 7.5 Tolas (approx. 87.48g), and silver Nisab is 52.5 Tolas.
What is the standard Zakat rate on accumulated wealth?
A
2.5%
Explanation
Zakat is calculated at a rate of 2.5% per annum on qualifying assets.
What is the Zakat on agricultural produce called?
A
Ushr
Explanation
Ushr is the specific Zakat on land produce, being 10% naturally or 5% artificially irrigated.
How many categories of people are eligible to receive Zakat?
A
8
Explanation
The Holy Quran identifies exactly 8 categories (Asnaf) eligible to receive Zakat.