Zakat is the third pillar of Islam and an important part of the Islamic socio-economic system. By giving a portion of their wealth as zakat, Muslims fulfill a religious obligation, purify their wealth in the eyes of Allah, and help strengthen the faith and improve the quality of life of the entire Muslim community.
Zakat is divided into two types: Zakat Fitrah and Zakat Harta. Zakat Fitrah is a personal zakat that is obligatory upon every capable Muslim, both male and female, according to the conditions set. It is usually paid during the month of Ramadan.
Zakat Fitrah
A personal zakat that is obligatory for every capable Muslim, both male and female, according to the conditions that have been set.
Zakat Harta
A zakat that is imposed on specific types of wealth and can be paid at any time. The rate for Zakat on Wealth and Income is 2.5% of the total value.
Income wealth refers to all types of wages, bonuses, payments, or earnings obtained from work or efforts.
Zakat perniagaan is the zakat that must be paid from the wealth generated by a business.
Money, whether in the form of notes, coins, or similar, is considered equivalent to gold and silver as a form of purchasing power.
This is the zakat that must be paid by shareholders or company owners who share in the profits or losses.
This is the zakat imposed on a person’s employment income that has been contributed to the Employees Provident Fund (EPF).
Zakat that is imposed on gold in any form, such as jewellery or investment, when it reaches the required nisab and haul.
Cryptocurrency is a form of currency created based on blockchain technology and digital technology.
Zakat padi must be paid based on the net yield from the sale of the rice (rice sales revenue minus the cost of producing the rice).
Fidyah is a penalty payment for individuals who are unable to make up their missed Ramadan fasts before the next Ramadan arrives.
Zakat imposed on silver—whether in the form of jewelry, coins, or silver savings—when it meets the required nisab and haul.
The main goal of zakat in Islam is to establish social justice and economic balance through the redistribution of wealth.
Zakat aims to equalize the distribution of wealth by giving a small portion of one’s assets to those in need.
In addition, zakat purifies the hearts of the payers from greed and strengthens social cohesion within the community.
By performing zakat, Muslims can create a just, caring society where people help one another, in accordance with Islamic values.
Zakat creates social justice and economic balance by equalizing the distribution of wealth through the payment of a portion of one’s assets to those in need.
Through this process, zakat not only provides material assistance to the needy but also fosters social cohesion, purifies the hearts of zakat payers from greed, and promotes the eradication of poverty.