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| Zakat |
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Zakat (Alms
giving) is a part of devotion enjoined upon Muslims by the Holy Quran. It is a
means where the well-off pay a set amount of their wealth. Zakat means to purify
oneself. It is obligatory on Muslims to pay a little percentage of their
accumulated wealth towards Zakat, which is used for the benefit of the needy and
the poor.
Zakat is not levied on one's property that is in personal use, rather on the
assets which have a means of increasing and which are surplus to one's needs. It
is a means of social justice and order. It teaches sympathy of the highest
order.
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