Understanding Islamic 'Ibadah (Acts of Worship)
Zakah (Poor Due Charity) rates at a glance
Nisab (Minimum assets to qualify for paying Zakah) on gold is 20 Mithqal (85 grams).
Rate of Zakah (Poor Due Charity) on gold is 2.5%.
It must be in possession for one year.
Nisab (Minimum assets to qualify for paying Zakah) on silver is 200 Dirham (595 grams).
Rate of Zakah (Poor Due Charity) on silver is 2.5%.
It must be in possession for one year.
Nisab (Minimum assets to qualify for paying Zakah) for the merchandize meant for trading is equivalent to the value of other Amwal (Possessions) on which Zakah (Poor Due Charity) becomes due.
Nisab (Minimum assets to qualify for paying Zakah) for the merchandize meant for trading is calculated on stock after completion of one year (valued at the wholesale price).
Money due to the business is also added to the value of stock.
Rate of Zakah (Poor Due Charity) on merchandize for trading is 2.5%.
Nisab (Minimum assets to qualify for paying Zakah) on farm produce is 5 Wasq (300 Sa’ = 563 kilograms).
[1 Wasq = 60 Sa’ = 130.56 kilograms (1 Sa’ = 2.176 kilograms) (1 kilogram = 2.2046 lb.)]
Rate for ‘Ushr (Zakah on farm produce) for produce grown from natural irrigation is 10%.
Rate for ‘Ushr (Zakah on farm produce) for produce grown from artificial irrigation is 5%.
‘Ushr (Zakah on farm produce) gets due on the day of harvesting.
Sadqatul Fitr
Sadqatul Fitr is a special charity which is paid to the poor and needy, before offering the ‘Id al Fitr Salah (Festival of Charity), so that they can also enjoy the festivities.
Sadqatul Fitr is due on all members of the family including infants and full time servants.
Amount of Sadqatul Fitr is 1 Sa’ (2176 grams of wheat) or its equivalent in cash.
From Pillars of Islam by Suhel Farooq Khan |
