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How to Calculate Zakat on Savings

How to Calculate Zakat on Money

Zakat is the compulsory giving of a fixed proportion of one's wealth to charity. It is considered as a type of worship and self-purification. Zakat is one of five pillars of Islam. Zakat is not the charitable gifts given out of kindness or generosity, but it is the mandatory giving of 2.5% of one's wealth each year to benefit the poor and the needy.

List of Top 10 Zakat Accepting Organizations in USA

List of Top 10 Zakat Accepting Organizations in USA

Humans are dictated by wealth, money or power, but these materialistic things will only help them to live a smooth life in this world. None of us would be able to take it with us in the grave, neither it will be of any use in the Akhirah.