Zakat
Zakat (zakaat, zakah), or almsgiving, is one of the five pillars of Islam. This means that Zakat is mandatory for Muslims, along with the other four sacred pillars of prayer (salah), fasting (sawm), pilgrimage (Hajj) and belief in Allah and His Messenger, Prophet Muhammad (peace be upon him) (shahadah). For every sane, adult Muslim who owns wealth over a certain amount – known as the Nisab – he or she must pay 2.5% of that wealth as Zakat.
“…and those in whose wealth there is a recognised right, for the needy and deprived” (Qur’an 70:24-5)
Eligible Muslims pay Zakat once a year, and it is due as soon as one lunar (Islamic) year has passed since meeting or exceeding the Nisab (certain amount of wealth). The Zakat of every Muslim is then distributed to those who meet the criteria to receive it. At syf, your Zakat is distributed with the utmost care to ensure that the most vulnerable, including children, those affected by disease and climate disasters, have access to the help that they need.v
What is Nisab?
The Nisab is the minimum amount of wealth a Muslim must possess before they become liable to pay Zakat. This amount is often referred to as the Nisab threshold.
Gold and silver are the two values used to calculate the Nisab threshold. The Nisab is the value of 87.48 grams of gold or 612.36 grams of silver.
Nisab Value (as of 04/03/2022):
Using value of silver (612.36 grams) – approximately £379.66
Using value of gold (87.48 grams) – approximately £4,174.55
Zakat: A sacred pillar
Zakat is not just a fundamental pillar of Islam, it is also a revolutionary concept which can end extreme poverty – that is the power of Zakat!Zakat is not just a fundamental pillar of Islam, it is also a revolutionary concept which can end extreme poverty – that is the power of Zakat!
As Allah (SWT) tells us in the Holy Qur’an:
“And be steadfast in prayer and regular in charity: And whatever good you send forth for your souls before you, you shall find it with Allah.” (Qur’an 2:110)
It is also a right that the poor have over us.
“Those in whose wealth there is a recognised right for the needy and the poor.” (Qur’an 70:24-25)
Picture this: if just the ten richest people in the world paid Zakat – that would be a staggering £7.7 billion! The power of that money in tackling poverty would be huge.
When you give Zakat to SYF, your donation is used in the most effective way possible to relieve the suffering of the world’s most vulnerable people. Towards widows, orphans.
Donate Your Zakat: Your donations enable us to save lives.
Your Zakat has funded some of our crucial work with people and communities living in disaster, drought and famine-struck countries across East Africa, Asia and communities affected. Your generosity has enabled communities to build sustainable livelihoods in the face of climate change, and enabled better lives for vulnerable orphans and families across the globe.
Alhamdulillah, you have the power to transform people’s lives.
How SYF Use Your Donation
SYF spends your donations in the most effective way possible to relieve the suffering of the world’s most vulnerable people.
We spend the funds on the first category of Zakat – the poor and needy.
How much is Zakat?
Your Zakat donation should amount to 2.5% of your total zakatable wealth. Therefore, if your total assets (after any debts owed) amounted to £10,000, you would pay £250.