Zakat, or zakat al-mal, means “obligatory alms” or “alms upon wealth.” It stands as the third pillar of Islam, coming immediately after salat, the daily ritual prayer.
Every Muslim possessing the designated minimal amount of wealth, nisab, for the full cycle of a lunar year must, as a matter of worship, satisfy the duty of paying zakat.
Unfortunately, the calculation of zakat has become unclear to many Muslims because of the many different kinds of wealth they may have.
The mission of Zakat Foundation is to help Muslims carry out their zakat duties easily and correctly. The resources assembled here cover a diverse array of financial topics and questions to assist with calculating and paying zakat in an accurate, timely and convenient way.
Zakat Foundation of America has collected and organized a series of questions and answers to provide clarification on the following subjects: