Zakat

Zakat is a form of obligatory charity in Islam, aimed at promoting social fairness and supporting those in need. It involves giving a fixed portion—usually 2.5%—of one's eligible wealth annually to specific categories such as the poor, needy, and charitable causes. Zakat helps purify wealth, encourages generosity, and reduces economic inequality. It is considered a spiritual obligation and a means to foster community well-being, reflecting the Islamic principle of social responsibility. It is typically calculated on savings, investments, and accumulated assets that exceed a certain threshold (nisab).