What is Jakat?

Zakat is one of the five pillars of Islam and also an act of worship. The meaning of zakat is "to purify" and so to purify our own wealth all Muslims are obliged to pay a portion of one's assets to help those in need. Zakat benefits the giver as well as the receiver.

Who must perform Jakat?

In order to pay zakat, a Muslim must be adult, sane and possess the nisab (a minimum amount of wealth, shown above) for an entire year.

For which assets JAKAT should be given?

Assets to include in your zakat calculation are cash (on hand and in bank accounts), shares, pensions, gold, silver, business goods, crops and cattle.

For which assets Jakat should not be paid?

You do not need to count personal items such as your home, furniture, cars, food, clothing, which are not used for business purposes.