Description: An introduction to the third pillar of Islam, the compulsory charity or
zakat, the spiritual dimensions of
zakat and charity, and how Islam views money in general.
Charity is not just recommended by Islam, it is required of every financially stable Muslim. Giving charity to those who deserve it is part of Muslim character and one of the Five Pillars of Islamic practice.
Zakat is viewed as “compulsory charityâ€; it is an obligation for those who have received their wealth from God to respond to those members of the community in need. Devoid of sentiments of universal love, some people know only to hoard wealth and to add to it by lending it out on interest. Islam’s teachings are the very antithesis of this attitude. Islam encourages the sharing of wealth with others and helps people to stand on their own and become productive members of the society.
[size=13pt]In Arabic it is known as
zakat which literally means “purificationâ€, because
zakat is considered to purify one’s heart of greed.
Love of wealth is natural and it takes firm belief in God for a person to part with some of his wealth.
Zakat must be paid on different categories of property — gold, silver, money; livestock; agricultural produce; and business commodities — and is payable each year after one year’s possession. It requires an annual contribution of 2.5 percent of an individual’s wealth and assets.[/size]
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http://www.islamreligion.com/articles/46/[/size]