What is Zakaah?
The annual charity is an obligation on every Muslim who meets certain criteria (e.g. has wealth above a certain threshold). A mere 2.5% of one’s annual wealth is donated to those who are eligible, such as the poor, the needy or those in debt. It purifies one’s wealth and carries many benefits for both the giver and the receiver. One benefit is it reduces the gap between the rich and poor, ensuring everyone has their basic needs met.