Zakat Is The Essence of Giving
What is Zakat?
Muslim faith requires able households to pay Zakat-Al-Mal each year. Paying Zakat is one of the five pillars of Islam, and is highly revered as a form of worship and charity for those less fortunate.
Zakat Al Mal payment is 2.5% of wealth accumulated in the year since the last Zakat. You can pay Zakat Al Mal at any time of the year, but it must be within one lunar year of the previous year’s contribution. Many give Zakat during Ramadan, a time when spiritual rewards for good deeds are highest.
Benefits of Zakat
Paying Zakat invites Allah’s blessings for wealth to grow, protecting it from corruption and greed. The benefits are twofold. Increased wealth benefits the person giving, and, importantly, provides future aid for needy people and communities.
Who Can Receive Zakat?
The Quran explains who can receive Zakat Al Mal donations:
- The Poor – living in extreme poverty
- The Destitute – unable to support themselves and their families
- Emancipation – for people in servitude or slavery
- People in Debt – with excessive debt incurred by daily basics
- Travellers – stranded away from home, needing basic assistance
With GIM Foundation, every dollar of your Zakat Al Mal goes directly to helping the poor in West Africa, Southeast Asia and Lebanon.