Zakah Eligibility

Zakat is a mandatory financial obligation for Muslims who possess wealth exceeding a specific threshold called Nisab. To be eligible, your savings, investments, or possessions must reach or surpass this minimum amount for a lunar year. Zakat is only applicable to certain types of wealth, such as cash, savings, gold, silver, and trade goods, and not personal items like your home or clothing. If your wealth exceeds Nisab and you've held it for a full year, you are required to pay a fixed portion—usually 2.5%—to help those in need.