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Scholar verified Zakat Policy
Your Zakat is held as a trust and distributed only to those eligible to receive it, guided by a policy reviewed by qualified scholars — so it reaches the people who need it, exactly as it should.
Download PDFZakat is one of the five pillars of Islam. It is a charitable duty that purifies wealth and is incumbent upon adult Muslims.
There are eight categories of people who are eligible to receive Zakat.
A poor person is someone whose property, in excess of his basic requirements, does not reach the nisab threshold. The recipient must not belong to your immediate family, therefore; your spouse, children, parents and grandparents cannot receive your zakat. Other relatives, however, can receive your zakat.
You should pay Zakat if your wealth is equal to or above the Nisab (threshold), which varies each year and is based on the price of silver. As of March 2023, the Nisab is approximately $404.32 so any money or assets you have above this amount hold a duty of Zakat. Our Zakat calculator automatically updates the Nisab based on the daily value of silver.
Any gold, silver, jewellery, stocks and shares, cryptocurrency, savings, money you have loaned to others, property, pensions, and business stock should be included in your Nisab calculation.
Once you have more Zakat-eligible wealth than the Nisab and a full lunar year has passed, then Zakat is due immediately, and is then due annually if your wealth stays above the Nisab.
We have a Zakat policy which has been reviewed by scholars and is available on our website.
In order to enter Paradise, you should worship Allah and do not ascribe any partners to Him, offer prayer perfectly, pay the Zakat and keep good relations with your Kith and kin..- Prophet Muhammad (ﷺ)
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