Brothers & Sisters
Assalamualaikum wa Rahmatullahe
(SWT) shower His choicest blessings upon us. Ameen.
Zakat is one of the greatest
pillars of Islam. From the Holy Quran we learn that in Islam Zakat stands second
to Salat. Zakat means purity and cleanliness.
A portion set apart from your wealth for the poor and
needy is called Zakat, in this manner a persons wealth along with his own
nafs (self) becomes purified.
few translated Verses of Quran relating to Zakat are as follows:
who believe, and do deeds of righteousness, and establish regular prayers and
gave Zakat, will have their reward with their Lord: on them shall be no fear,
nor shall they grieve. (Sura-2 Ayath 277)
who do not give Zakah, and in the Hereafter they are disbelievers. (Sura-41
- The Believers, men and women are protectors,
one of another: they enjoin what is just, and forbid what is evil : they observe
regular prayers, pay Zakat and obey Allah and His Messenger. On them will Allah
pour His mercy: for Allah is exalted in power, Wise. (Sura-9
Prophet Mohammed (PBUH) guided the Ummah
towards an organized system of collection and distribution of Zakat. Your poor
and deserving relatives have first right over your zakat.
in coordination with GBK Charitable Trust and Foundation
for Economic and Educational Development has spent 44.03 Crores (US$
9.78 Million), and supported over 120,000 students for higher
and professional education in the last 18 years till 2011. The total financial
suport provided by the trusts can be analysed by the graph below:
Zakat & Charitable Trust has devised a form. This enclosed FORM and Annexure
is a guideline for;
(a) Who is liable
to give Zakat and to whom
(b) How to compute
(c) What items of personal wealth are exempted
Care has been taken to include all
items on which Zakat is compulsory, however errors may be brought to our notice.
Zakat is payable by a Muslim on his/her wealth and not on income. If ones
wealth is in excess of Rs.10,300/- after deducting
the liabilities/ exemptions allowed and one full year has passed after acquiring
it, then Zakat is compulsorily due. The figure of Rs.10,300/-
is based on present day market value of 52½
Tolas (new Tolas 60.65) of silver in India (which is the fixed Nisab).
Residential house, personal car, rented property, household furniture, crockery,
utensils are all exempted and Zakat is not payable on these assets.