Zakat is a worldly transaction of transcendent worship that increases wealth and soul of giver and receiver in purity, fulfilling the just balances of this life and the Hereafter. The Arabic word Zakat (pronounced zuh • cat) has three distinct meanings in language, in human understanding, and in the spiritual realm.
The Zakat (or almsgiving) is considered the third pillar of Islam. The root word of Zakat also means purification. Zakat is a means of purification of one’s material wealth and soul as well. It is a reminder that the person’s wealth is a blessing from Allah. It is a blessing that one ought to share with others.
One is, of course, free, and, indeed, encouraged to give as much as possible to charity. But zakat on each type of asset is calculated separately. If one owns, for instance, four cows and more than 85 grams of pure gold, or an equivalent in money, then he or she gives no zakat on the cows, but pays zakat on the gold or money.
Child sponsorship. Share the blessing with Muslim Aid today. ‘Welfare funds (Zakat) are only for the poor, the destitute, the tax collectors, those whose hearts are inclined (towards Islam, i.e. the reverts), the slaves, those who cannot pay their debts, for the cause of God, and for those who have become needy on a journey.
5. Giving of your wealth is the source of true prosperity. “The example of those who spend their wealth in the way of God is like a seed [of grain] which grows seven spikes; in each spike is a hundred grains. And God multiplies [His reward] for whom He wills. And God is all-Encompassing and Knowing.” [Quran 2:261]
GOzE.
what to say when giving zakat