Pay your Zakat al-Mal now, Your Zakat is your protection, Extract Zakat before death to invest in life and attain paradise.
What is Zakat al-Mal? It is the obligatory charity tax on wealth owned by Muslims in various forms and structures, with specific conditions that must be met. There is also Zakat al-Fitr with its conditions, as well as Zakat on gold, silver, and other assets.
When is Zakat al-Mal obligatory? Zakat must be paid after a full Islamic year has passed, provided that your wealth on that future date is still above the Nisab (minimum threshold). It does not matter whether your wealth decreases or increases during the year, as long as it is used for calculating and paying Zakat.
The known Nisab of Zakat al-Mal is 2.5% of the total assets and wealth if it remains at that level for a full year.
What wealth is subject to Zakat? Zakat is obligatory on gold, silver, and currency, including paper money, as well as trade goods intended for commerce such as land, cars, machinery, or other assets. These are also subject to Zakat.
What is the Nisab of Zakat al-Mal? The Nisab is the minimum value that, if held for a full year, requires Zakat to be paid on it. It is determined in terms of gold and silver according to the Hadiths of the Prophet Muhammad ﷺ, equivalent to 612.36 grams of silver or 87.48 grams of gold.
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