WHAT IS THE ZAKAT?
Means holy and fertile, including clean, blessing, growing, and good to charity, zakat payers, and zakat recipients.
- issue certain property at a certain rate according to certain conditions for distribution to certain groups.
- Zakat is Fardhu Ain for every Muslim who fulfills all the requirements.
- Therefore, a Muslim who refuses to pay zakat can result in apostasy. While a Muslim individual who leaves zakat without breaking his duty is a great sinner.
Az we know Zakat is one of the five pillars of Islam. Among the wisdom and purposes of GOD Almighty is to encourage charity:-
- Distribute a small amount of wealth from the capable group to the less fortunate.
- Clean and nourish the zakat payer property.
- Creating gratitude for the blessings bestowed by Allah Almighty among those capable group.
- Establish a bond between the servant and the Almighty Allah as well as the relationship between man and man.
Type of ZAKAT :-
- Zakat fitrah – is an individualized charity for each Muslim man and woman who is capable of the conditions prescribed.
- Zakat income – Revenue means all kinds of wages, remuneration, remuneration or revenues derived from work or effort done either on a regular basis or on a one-time basis.
- Gold & Silver charities – Currency is a must for zakat because it can be used to trade the same as gold and silver.Money is in the form of paper, coins or the equivalent of gold and silver as a purchasing power.
- Zakat business – Business zakat is a zakat that is required to be derived from business property whether based on manufacturing, mining, fisheries, shipping, supply, agriculture, services or otherwise for the purpose of being traded.
- Zakat money saving – Money is in the form of paper, coins or the equivalent of gold and silver as a purchasing power. The savings zakat ratio is based on the current value of 20 mithqal gold (85 grams) or silver (595 grams) gold.
- EPF charity – EPF Money is the income from a person’s income as a result of his work being kept in the employee’s savings account as it is subject to the EPF Act. EPF is subject to the zakat because the concept is the same as savings, but the difference in savings in EPF cannot be deducted arbitrarily as a regular savings account.
- Zakat investment – Zakat investment are 2.5% money invested from the amount of company profit after the company profit equivalent of 85 gram of gold. Zakat investment is required for Muslim owners only.
- Zakat takaful – This money may only be partially withdrawn by the contributor when he reaches a certain age during his term of service or takes up the whole once he has reached retirement age or retirement. In addition to age-based withdrawals, they can also be issued upon meeting the conditions under various EPF Withdrawal Schemes.