Ramsha Sultan's video: How to Calculate ZAKAT Very Well EXPLAINED @ramshasultankhan zakat ramadan2024 ramzan2024

Time Codes : 0:00 Introduction 0:28 5 Pillars of Islam 01:20 What is ZAKAT ? 01:50 What is NISAB ? Zakat Applicable Items 03:39 Personal Use Items 04:17 Interest Free Islamic Financial System 05:03 Are You Eligible to Pay Zakat ? 06:23 Time to Pay Zakat 07:02 How to Calculate ZAKAT ? 08:08 Whom to Give ZAKAT ? Who Can Take Zakat ? 11:31 Condition : Zakat is given to Muslims Only 12:13 Beauty of Zakat 13:54 Benefits of giving Zakat 14:25 Halal Income 14:41 Zakat al Fitr - FITRA Calculation 15:47 Please Subscribe & Share ! Zakat is an Islamic finance term referring to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat is mandatory for all Muslims in most countries and is considered to be a form of worship. Giving away money to the poor is said to purify yearly earnings that are over and above what is required to provide a person and their family with their essential needs. What Is Zakat in Islam? As one of the pillars of the faith, it requires all Muslims to donate a portion of their wealth to charity. Muslims must meet a certain threshold before they can qualify for zakat. The amount is 2.5% or 1/40 of an individual's total savings and wealth. Zakat can be paid at any time during the lunar year. Some Islamic countries require citizens to pay zakat while others do not. How Do You Calculate Zakat? Muslims should take inventory of their possessions and wealth. Once they reach nisab or the threshold, which is the value of 87.48 grams of gold or 612.36 grams of silver, they must pay zakat. The total amount to be paid is 2.5% or 1/40 of their total savings and wealth. Muslims can use any number of zakat calculators which are available online to determine their obligations. What Are the Rules of Zakat? Individuals must meet a certain threshold known as nisab in order to qualify for zakat every lunar year. This is set at the value of 87.48 grams of gold or 612.36 grams of silver. People whose wealth exceeds the value of these amounts must pay 2.5% of the value of their wealth in zakat. Individuals who do not meet this limit are not obligated to pay. KEY TAKEAWAYS Zakat is a religious obligation for all Muslims who meet the necessary criteria to donate a certain portion of their wealth each year to charitable causes. It is said to purify yearly earnings that are over and above what is required to provide individuals and their families with their essential needs. Zakat is based on income and the value of possessions. The common minimum amount for those who qualify is 2.5% or 1/40 of a Muslim's total savings and wealth. No zakat is required when someone's personal wealth falls below the threshold during a lunar year, Whom to Pay Zakat ? The poor and needy Struggling Muslim converts Enslaved people Individuals in debt Soldiers fighting to protect the Muslim community Those stranded during their travels Subscribe to my Channel for more videos : https://www.youtube.com/channel/UCwLrdtGgEakVnVi6rSS48Ow Join Me on Social Media : -Instagram : https://www.instagram.com/ramsha.sultan.khan/ -Facebook : https://www.facebook.com/RamshaSultanK/ - Linkedin : https://www.linkedin.com/in/ramshasultan/ -Twitter : https://twitter.com/RamshaSultanK -Website : https://www.ramshasultan.com - Snapchat : https://www.snapchat.com/add/ramsha.sultank For Business Enquiries, Contact : ramshasultank@gmail.com DISCLAIMER : All content shown on this channel is created by Ramsha Sultan. All opinions and reviews are of her own whether paid or unpaid. Kindly take permission before using any of the content on this channel to avoid copyright issues. For Business Enquiries, Contact : ramshasultanwork@gmail.com . . . . -e-qadr