Zakat

‘Take from their wealth so that you might purify and sanctify them.’ (The Holy Qur’an, chapter 9, verse 103)



The word Zakat means ‘purity’ or ‘to purify’ and it represents charity; all Muslims who are wealthy enough, must perform this charity in order to purify their wealth.

JMA collects Zakat and distribute the Zakat funds to those who need it in many areas in Sri Lanka.

What is Zakat?

  • Zakat is an act of worship we perform with the wealth Allah has blessed us with.
  • It is a religious duty, which cleans away impurities from our provision and ensures excess wealth is distributed among those in need.
  • Zakat is an obligation upon any Muslim who has reached puberty, is sane, and has above the minimum required amount of wealth (nisab).
  •  It requires giving a calculated amount (usually 2.5%) to the poor and needy.

 

Who needs to Pay Zakat?

To pay the Zakat, one must be a Muslim, sane adult, in possession of thenisab (the minimum amount of wealth that one must have before Zakat is payable) for one whole year.

Items from which wealth can be derived include: cattle, crops, gold, silver, and merchandise for business. Zakat must be paid on cash deposits held in bank accounts.

Any personal items from which one cannot derive wealth, e.g. cars, utensils, food, clothing, shelter, furniture and which are not to be used for trade, are not included in the calculation of zakat.

One must not only have the minimum amount of nisab but it must have been in one’s possession for one whole year. A lot of people choose Ramadan as the month in which they pay their zakat; both to remember it, and also because the reward for good deeds done in this blessed month is multiplied.

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