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Zakat
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Know here everything about Zakat. You can also download here Zakat Calculator to check Nisab of Zakat on Gold and Money etc. Zakat or Zakah is one of the 5 pillars of Islam. Its mean is giving of a portion of your wealth to poors and needy people. It is a kind of charity. Almost 2.5 percent of wealth is giving every year as Zakat. Sadaqah and Zakat has different meanings in Islam. Only Tax system in Islam is Zakat and Ushar. It is Farz of every Muslim to pay Zakat if he is Baligh, free, and have wealth according to Nisab. Zakat is applicable on wealth such as gold, stocks, cash and investment. Zakat on camels, cattle, sheep, buffaloes is should also be given. Agriculture goods such as wheat, sugar cane, cotton and other crops and fruit orchids should be given too. Minimum amount of Zakat is 2.5 %. It should be given to needy Muslims, extremely poor. http://www.easyislam.com/zakat.asp To understand more detaisl about Zakt, its Nisab, kinds of wealth on which zakat is compulsory and calculation of Zakat, giving out of Zakat, Receiver of Zakat, people who can’nt receive Zakat and penalty for non giving zakat. http://www.hidayatrust.org/zakat-calculator.html This website offers a Zakat Calculator from which you can calculate zakat on Stock, cash, gold and silver, bonds, profits and others. Get here information about Zakat.
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