Zakat Info | Zakah In Islam – Definition :
Zakat info: Zakah is commonly referred to as either a tax or as charity. Neither of these is accurate as Zakah is a divine duty. Zakah is considered a right of the poor over the rich. Withholding it is tantamount to depriving the poor of their God-given right.
Allah (SWT) says of the wealthy in the Qur’an; Zakat info
‘In their wealth there is a known share for the beggars and the destitute’ (70:24-25)
‘Take alms from their property that you may purify and sanctify them and pray for them.
Verily your prayers are a comfort for them’ (9:103).
Zakat info: Definition of Nisab
The Nisab is the minimum amount of wealth upon which Zakah is payable. It represents the guaranteed minimum financial floor above which an individual is deemed to be ‘Sahib-unNisab’(owner of wealth) and therefore liable to Zakah.
The Nisab limit was set by the Prophet (SAW) at 20 Mithqaal of gold or 200 dirhams of silver. These measures are equivalent to 87.48 grams of Gold and 612.36 grams of Silver respectively. If a person only has Gold as an asset, then the Nisab measure for Gold must be used. If however the person has a mixture of assets, then the Nisab level for Silver should be used.
To ascertain the current monetary equivalent of the Nisab limit, it is necessary to establish the market rate for a gram of Gold & Silver. This can be obtained from www.kitco.com. The current market rate (July 2010) for a gram of 24 carat Gold is £25.67, and £0.38 for a gram of Silver. Therefore, the Nisab threshold for Gold is approximately £2245.61 and for Silver it is £232.70.
A person will only pay Zakah if his Zakatable assets, after adding and subtracting debts owed either to or from others, is equal to, or in excess of £232.70.
Zakah is payable at a rate of 2.5% on all assets including those within the Nisab threshold.
Zakat is the third(1) pillar of Islam. Like salath (namaz), the 2nd pillar, it is also most important to be followed by the Muslims. In the Islamic charter there is much stress on zakaat after salat (namaz) as it is referred at thirty-two places in the holy Quran along with salath (namaz). At most of the places it is referred as solitary one. Further in ahadith there is a mention of both salath (namaz) and zakah simultaneously. From which it becomes clear that both are joined together. The importance of salat (namaz), as one of the regular duties for a Muslim , is undeliable. When Almighty Allah and His holy messenger have attached importance to both the duties the sanctity of paying zakat is not less than salath (namaz). Thus terrible punishments are also provided for those who do not pay zakaat. To imagine these punishments the mind of a Muslim will be boggling and heart busting. After knowing them no Muslim will have the courage to evade the payment of zakah or delay it. As an example two-verses of holy Quran are quoted here.
Trans:- And let not those who covetously withhold the gifts which Allah has given them of His Grace. Think that it is good for them otherwise it will be worse for them: soon shall the things which covetously withheld will be tied to their necks like a twisted collar on the day of judgement. (Surah Al – Imran, Ayat – 18)
The meaning of this verse of the Quraan is further explained in a hadith in such a way that the holy messenger has said,
“The one whom Allah has given wealth and did not pay the zakat for it, it would be made to appear on the day of judgement as a black snake containing two spots.” “it will wind up over his neck and say while holding his two cheeks that it is his wealth, his treasure.”
Third (1) . Some have (after belief) written that according to the regulatory prayers the salath (namaz) as the first and zakaat as the second pillar.
Zakat info: Then the holy Messenger revealed this verse.
Trans:- And there are those who bury gold and silver and spend it not in the way of God: announce for them a most grievous penalty. On the day when heat will be produced out of that wealth in the fire of hell, and with it will be branded there foreheads. their flanks and their backs.This is the treasure which they burried for themselves: taste it then the treasure they burried. in such away. (Surah Al – Tauba, Ayat – 34,35)
The meaning of this verse of the Quraan is further explained in a hadith in that the holy messanger has said,
“The one whom Allah has given wealth and did not pay the zakah for it, it would be made to appear on the day of judgement as a black snake containing two spots.” “it will wind up over his neck and say while holding his two cheeks that it is his wealth, his treasure.” The meaning of this verse is further explained in another hadith that Hazrat Nabi Kareem (S.A.S.) has said “a rupee will not be placed over another rupee, a golden coin will not be put on other coin, whereas the body of a person, evading zakat, will be so enlarged that millions of and billions of rupees will bear a seperate brand on the body”. Allah is Great. How severe is the threat! By hearing this one shivers. This threat calls for the example that when certain tribes of Arab world desired after the death of the holy messenger, not to pay the zakaat. On which Hazrat Abu Bakr Siddiqu (R.A.) wanted to rage a holy war against them. Hazrat Omar (R.A.) pleaded that how a war will be raged against them when the Holy Messanger has promised peace for those who utter La Ilaha Illallah. Hazrat Abu Bakr (R.A.) replied, ” By God those who distinguish between salath (namaz) and zakah I will fight with them.” “By God those who had presented a kid to the holy Messenger and now they deny I will rage a holy war against them.” Farooq-e-Azam said, “By God I see that The Almighty Allah has expanded the breast of Siddique (R.A.) I then realized that he is right.”
When various threats are there for those evading zakat there are various glad tidings for those who pay the zakaat. There are promises of reward, felicity and success. Thus Almighty Allah says : Translation :-And those who establish regular prayers and pay zakah and believe in Allah and in the last day to them shall we soon give a great reward. (Verse – 162, Sureh – Nisa)
Trans:- But my mercy extends to all things. That (mercy) I shall ordain for those who do right, and ractice regular chairty, and those who believe in our signs. (verse 156, Sureh – A’araf)
Trans:-Successful indeed are the believers, those who humble themselves in their prayers, who avoid vain talk, who are active in giving Zakat. (verse 1to4 Sureh – Muminoon)
There is a narration that the holy messenger (S.A.W.S.) said :
- “By giving zakaat save your wealth in the coffers.”
- “The wealth from which zakah is not paid is waisted.”
- “Seperate zakat from your wealth which cleanes your wealths and purify you.”
- “Zakaat is a bridge of islam.”
- “Perfection of your beleif lies in payment of zakah.”
Like salath (namaz) zakat was also compulsory for the past communities. But there was, no doubt, difference between the rate of zakaat and holdings (nisab). In Islam there are clear and simple orders in this connection. No such simplicity prevailed in the past communities. Briefly speaking there are several stipulations about salath (namaz) and zakah in the Quran. Not so in other prayers. Most probably for this sake that salath (namaz) is a bodily prayers and the zakat is financial. There is a mention of both side by side based on the sequence. The Islamic jurists have clubbed this book of zakaat with salath (namaz). And this preference of zakah is clear and bright.
Definition of Zakat:- Zakat means attaining purity, prosperity and increase. In Islamic jurisprudence giving a portion(1) of wealth for the sake of Almighty Allah(2) and transfer of ownership totally(3) of this portion in the ownership of a muslim beggar (not a sayed(4) or a salve(5) of a sayed). By this act the remaining wealth becomes pure and Almighty Allah grants abundance in it. This wealth not only increases in this world and in the hereafter divine rewards of ten times or more than this will be made available. Therefore it is named as zakaat.
portion(1) : 1/40th portion of the state and effects (nisab) in possession for the span of one complete year.
Almighty Allah(2) : This stipulation is to make the intention a condition that means for payment of zakaat intention is a condition as required in other regulatory period.
Totally(3) : Zakah is a purifier of the wealth therefore this amount need not be paid to a descendant of the holy prophet (Sayed) as he claims respect therefore he may be served with good money.
Not a sayed(4) : Even if he is freed.
Salve(5) : Profitable interest of the person paying zakat with the person to whom zakaat is paid is totally nil. Hence no zakah is given to the ancestors, mother, father, grand mother, grand father or descendents, son, daughter, grand son and grand daughter to whom the payment of maintenance will become obligatory when they are in need. Hence there is prima facie benefit in this.
Appeal: Zakat info
Being a Muslim it is must to spread saying (Ahadith) of Prophet (PBUH) to each and every one for which one will be rewarded both in this world and life hereafter.