There are five pillars of Islam and Zakat is one of them.The word "Zakat" has been derived from Zaka which means to grow, to increase, and to spread. It also means to remove impurities of an impure matter and material. But in its Islamic sense, the term carries the meaning to pay fixed amount on money, gold, silver and produce on which a period of one year has elapsed.
In importance, it is next to Salat. Thats why in many verses of QURAN, these two institutions have been mentioned together.Zakat has been described as wealth which is taken from the rich and returned to the poor. Zakat money is to be collected by the state. It is to be spent upon the poor and disabled for their maintenance, may be given to new converts of Islam who fail in financial distress due to their conversion, may be given to those who are in debts, may be given to those travelers who become short of funds while on their journey.
The main purpose of Zakat is to discourage accumulation of wealth by a group of society and also impair the tendency of uneven distribution of wealth in society.
Islam has made a system for helping poor people and what a beautiful method to maintain balance between luxury and poverty.
In importance, it is next to Salat. Thats why in many verses of QURAN, these two institutions have been mentioned together.Zakat has been described as wealth which is taken from the rich and returned to the poor. Zakat money is to be collected by the state. It is to be spent upon the poor and disabled for their maintenance, may be given to new converts of Islam who fail in financial distress due to their conversion, may be given to those who are in debts, may be given to those travelers who become short of funds while on their journey.
The main purpose of Zakat is to discourage accumulation of wealth by a group of society and also impair the tendency of uneven distribution of wealth in society.
Islam has made a system for helping poor people and what a beautiful method to maintain balance between luxury and poverty.