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ZAKAT IN ISLAM. OBJECTIVES By the end of this topic, you should be able to: 1. define the concept of zakat; 2. identify the types of zakat ; 3. identify the conditions for zakat; 4. explain the recipients of zakat; 5. discuss the calculation for zakat; and
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ZAKAT IN ISLAM • OBJECTIVES • By the end of this topic, you should be able to: • 1. define the concept of zakat; • 2. identify the types of zakat ; • 3. identify the conditions for zakat; • 4. explain the recipients of zakat; • 5. discuss the calculation for zakat; and • 6. explain the benefits of zakat.
Zakat • “Bandingan (derma) orang2 yang membelanjakan hartanya pada jalan Allah, ialah sama seperti sebiji benih yang tumbuh menerbitkan tujuh tangkai; tiap2 tangkai itu pula mengandungi seratus biji. Dan (ingatlah) Allah S.W.T akan melipatgandakan pahala bagi sesiapa yang dikehendakiNya, dan Allah maha luas (rahmat) kurniaNya , lagi meliputi ilmu pengetahuanNya” (Al Baqarah: 261)
THE CONCEPT OF ZAKAT • One of the 5 pillars of Islam,-after solah and fasting during the month ofRamadan • livestock, gold and silver, articles of trade, buried treasures and mines, and specified agricultural produce-and was timed to coincide with celebrations at the end of the fast of Ramadan
THE CONCEPT OF ZAKAT • zakat is an act of worship expressing a Muslim's gratitude for Allah's financial gifts • zakat is a financial cornerstone of Islamic economics
Definition of Zakat("tithe”) • a levy imposed divinely on Muslims • a religious levy by which Muslims "make over part of their wealth for the needs of others" - a sentiment consistent with the literal meaning of zakat - "to grow and to purify".
Definition of Zakat • A tax may be expended on any purpose, but the ways zakat can be distributed are detailed in the Al Qur'an (At-Taubah:60)." • In short, zakat is a welfare contribution but not a charitable donation, depending upon the focus
The recipient of zakat(asnaf) • 1. The hardcore poor or fakir • 2. The needy who need help to supplement their income and life. • 3. The travellers or musafir for religious or spiritual purposes – the making of pilgrimage or to Holy City. For Muslim they will perform pilgrimage at least once in life-time to Mecca. . • 4. The reverts or muallaf • 5 The debtors (on the edge of financial disaster) • 6 The slaves who desire for freedom • 7 The amil or zakat collector • 8 The people who strive in the way of Allah (fisabililah)
The Importance of Zakat • The Qur'anic injunction which made zakat compulsory are: • "Take from their wealth charity (alms) to purify them and to cleanse them thereby, and pray for them." [At-Taubah: 103] -It specifically equates the giving of zakat or alms as purifying and cleansing oneself.
Al-Quran-source of Hukum • "Never shall you attain piety unless you spend (in the way of Allah) out of what you love." [Al-Imraan: 92]"And who is saved from the avarice of his inner self, it is they who are successful." [Al-Hashr: 9]
Hadith from Bukhari • , Abu Hurairah (r.a.) narrated that the Prophet SAW said: • "Whoever is made wealthy by Almighty Allah and does not pay the zakat of his wealth, then on the Day of Resurrection his wealth will be made like a bald-headed poisonous male snake with two black spots over the eyes. The snake will encircle his neck and bite his cheeks and say, 'I am your wealth, I am your treasure'. "
THE TYPES OF ZAKAT • There are two types of zakat in Islam: • 1. Zakat fitrah (al-fitr) - a flat fee or levy imposed on each person, • 2. Zakat from earnings (al-mal) – a religious levy on wealth
Zakat Fitrah • The obligation of every Muslim (except those who are absolutely destitute) to contribute a certain amount of staple food or pay an equivalent monetary amount in the month of Ramadan before the Muslim festive celebration or Eid al Fitr • The proceeds are devoted to helping feed the needy during the Eid al-Fitr celebration. • As practice in Malaysia, zakat al-fitr is given directly to beneficiaries without interference from the state or any other third party.
Zakat from Earnings • Levied only on Muslims whose wealth exceeds a threshold called nisab • Before nisab is calculated, the basic needs of the payer and his family, as well as their financial obligations and debts due, are taken into account. • Further, the funds are held for one year by the lunar calendar, and nisab is recalculated at the end • These requirements distinguish zakatal-mal from zakatal-fitr, and enable zakatal-mal to be regulated by the state much like a tax. • see details in http://www. ezakat.com.my
Zakat from earnings • a) Zakat from saving deposit • b) Zakat from gold and silver • c) Zakat from shares • d) Zakat from agriculture • e) Zakat from livestocks
THE GENERAL CONDITIONS FOR ZAKAT • 1. Islam • 2. Wise • 3. Genuinely owned • 4. Productive assets • 5. Surplus assets • 6. Full year’s possession (Haul) • 7. Fullfil the nisab