Assalum u alikaam, may Allah bless you
I wanted to know how you pay zakah and how much do you pay
thanks
May we meet in paradise
inshallah
| Answer |
| Bismillah
Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)
1) The payment of Zakat is compulsory on the excess wealth or effects which is equal to/or exceeds the value of Nisab, and which is possessed for a full Islamic year.
The rate of Zakat is 2.5%.
* It should be noted that the value of Nisab is according to the cost of silver and gold. At present silver is £354.26 and gold is £2358.75 approx. on 04/02/11, however, this is subject to change.
2) You can pay your Zakat money to the collectors of Zakat like, Masjids confirming that they will act as a representitive to give to the poor and not to give it direct, or it can be given directly to the poor without the means of a Masjid.
And Only Allah Ta’ala Knows Best.
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Moulana Qamruz Zaman
London, UK
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