What Is Zakat in Islam? Zakat is an Islamic financial term. As one of the pillars of the faith, it requires all Muslims to donate a portion of their wealth to charity. Muslims must meet a certain threshold before they can qualify for zakat. The amount is 2.5% or 1/40 of an individual's total savings and wealth. It is considered in Islam as a religious obligation, and by Quranic ranking, is next after prayer in importance. Eight heads of zakat are mentioned in the Quran.
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