Zakat (Almsgiving)

Zakat is an Islamic obligation for Muslims to give a fixed portion of their accumulated wealth—typically 2.5%—to those in need. It is both a form of worship and social responsibility, aimed at promoting economic justice and reducing poverty. Zakat is calculated based on specific types of wealth, such as savings, gold, and business assets, and must be given annually if certain thresholds are met. It helps purify one's wealth, fosters community solidarity, and supports charitable causes, ensuring the well-being of society's less fortunate members.