Q. Who must pay Zakat?
A. Every person who is sane, an adult (reached puberty), Muslim, and sahib-un-nisab must pay Zakat as a duty.
To be a sahib-un-nisab means you possess more wealth than the level of nisab for a period of one lunar year or more.
Q. What is the nisab?
A. The nisab is the minimum value of wealth one must possess in order to pay Zakat. It is defined as the value of 87.5g of pure gold or 625g silver. Most scholars favour the lower value as it means that more people can pay Zakat and therefore there are more beneficiaries.
Q. What type of wealth is Zakat due on?
A. Gold and silver, including ornaments or
jewellery containing gold and/or silver
Cash held at home or in bank accounts
Stocks and shares owned directly or through
Money lent to others
Business stock in trade and merchandise
Livestock animals such as cows, buffaloes,
goats, sheep, and camels
Produce of mines
Property owned for investment purposes
Q. When should I pay my Zakat?
A. You can pay your Zakat at any time, but many people chose to do so during the month of Ramadan when the reward for our good deeds is multiplied and it is easier to calculate the lunar year.
Q. Can I pay my Zakat in instalments?
A. Yes you can. Simply calculate your Zakat payments, divide this by 12 and set up a regular gift, specifying Zakat as the type of donation.
Q. How much of my donation goes directly to the cause?
A. For more information on our donation policy please see our ‘How Your Money is Spent’ page.