The Third Pillar of Islām

Az zakāh (Almsgiving) is the Islamic practice of giving a mandatory alms or tithe from one's wealth to charity. It is the pillar of Islām, where Muslims who meet a wealth threshold (nisāb) donate 2.5% of their wealth annually to purify it and help those in need. This charitable giving is specifically for those who have wealth beyond their essential needs.

Essential things to know about zakāh (Almsgiving)

• Who gives it: It is mandatory for every sane, matured(bālig) Muslim who has wealth that exceeds a certain minimum threshold (nisāb) of 87.48 grams of gold or 612.36 grams of silver.
• The amount: The standard amount is 2.5% of one's accumulated wealth over a year. For example if your total assets is ₦10,000,000 you would consider ₦250,000 for zakat. It is calculated as "the total amount divided by 100 times 2.5" Or "The total amount times 2.5 divided by 100".
• Who receives it: The beneficiaries of zakāh are the eight(8) listed in Q9:60
  1. The poor
  2. The needy
  3. Those who distribute it (Islamic clerics)
  4. Those whose hearts are to be conciled
  5. The captives
  6. The debtors
  7. To the cause of Allah
  8. The wayfarer
• Purpose: The purpose of zakāh is to purify one's wealth, acknowledge that all wealth belongs to Allah, and help the less fortunate.

Importance of Zakāh (Almsgiving)

Zakāh (Almsgiving) is important for fulfilling religious obligations, purifying wealth & soul, and fostering a compassionate society. It helps break the cycle of poverty by providing for the needy, reduces crime, and stimulates the economy through job creation & fair wealth distribution. Additionally, Zakāh (Almsgiving) strengthens social bonds, encourages humility & gratitude, and is considered an investment in the hereafter.

• Fulfills an Obligation: It is a compulsory act of worship for Muslims who meet the wealth requirements, strengthening their bond with Allah and their community.
• Purifies Wealth & Soul: It helps cleanse both the believer's wealth and their heart from greed and selfishness, promoting a more grateful and spiritual mindset.
• Promotes Humility & Gratitude: The act of giving arms fosters a sense of appreciation for one's blessings and reduces attachment to worldly possessions.
• An Investment in the Hereafter: Giving Zakāh is seen as a way to gain rewards from almighty Allah and build up your jannah.