What Is Zakat And How Does It Transform Lives In Bangladesh?
Zakat

What Is Zakat And How Does It Transform Lives In Bangladesh?

In Islam, zakat means the duty that each person has to give a certain amount of their wealth to good causes every year. As a sort of worship, zakat is something that all Muslims must do in most countries.

There is a belief that giving money to the poor will clean up yearly earnings that are more than what a person and their family need to live.

What Does Zakat Mean? 

Zakat literally means “that which cleans.” This is about the idea that Zakat cleans up your wealth.In Islam, people are expected by law to give zakat every year. The reasons for this gift are the same for all assets, cash, and property that meet the requirements.  

How The Zakat Work

In Islam, the Five Pillars are the creed, prayer, fasting during Ramadan, the Hajj journey, and giving money to the poor. Zakat is something that all Muslims who make more than a certain amount of money have to do. Don’t mix it up with Sadaqah, which is the act of giving gifts to charity out of kindness or goodwill.

There are detailed instructions in religious writings about how much zakat should be given to people who are less fortunate. Most of the time, it depends on whether the money came from farming, cattle, business, paper money, or valuable metals like gold and silver.

Zakat is based on how much money you make and how much things are worth. People who meet the requirements usually put down at least 2.5%, or 1/40 of their total savings and wealth. 

What Kinds of People Can Accept Zakat?

Allah (SWT) lets people spend Zakat in eight different ways, which are listed below:

The wayfarer is someone who is traveling or stuck somewhere with few goods.

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Along the way of Allah (SWT).

  • People who owe money.
  • People who are in bonds, like prisoners and slaves.
  • People who are new to Islam and people who are friends of Muslims.
  • People who manage zakat, like charities.
  • The poor (al-masakin) is someone who is having a hard time.
  • People who are poor (al-fuqara) don’t make much or any money.

.In response to a common question, mosques are not on the list above. This means that Zakat cannot be used to build a mosque. Read on to get answers to some other common questions, like how to pay Zakat and if you can give it to family.  

How To Figure Out Zakat

It’s very easy to figure out your Zakat when you divide your assets into different groups.

There are two parts to the calculation process: Deductible liabilities (money you owe, other bills due) and Zakatable assets (gold, silver, cash, savings, business assets, etc.). This makes it easy for you to figure out how much Zakat you owe.

You will know how much Zakat you need to pay after you figure out how much your net assets are worth. Then you need to check to see if your net assets are the same as or more than the nisab level.

Our Zakat tool can help you figure out how much Zakat you need to pay. 

How To Do Zakat

One of the five pillars of Islam is Zakat, which means that people must give this kind of donation. This is different from Sadaqah and Waqf. Both types of Zakat are required, but this part will only talk about the first one. There are rules about who can give Zakat, how to give it, and who can accept it.

Here Are Some Important Rules About Zakat That You Should Know:

Every adult Muslim who is sane has to pay Zakat every year based on how much money they have. To be able to pay Zakat, you must also meet other requirements, such as not having any debts. Find out more about the people who can pay Zakat.

You always pay the same amount of cash. If you have extra money after one lunar year, you should give 2.5% of it as zakat.

Before they can pay Zakat on their extra money, the person who is qualified must have owned the nisab (minimum amount of wealth) for one lunar year.

People must pay zakat as soon as it’s due, which is once every lunar year from the date of the nisab.

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What Is The Rule Of Zakat al Fitr

  • Zakat al Fitr, also known as Fitrana. Everyone in the household must pay this Zakat every Ramadan before Eid. It doesn’t matter what age or rank the person is.
  • You need to know these three important rules about Zakat al Fitr or Fitrana:
  • It is required to pay fitrana only once a year, before Eid, during Ramadan.
  • It’s due from everyone in the house, no matter what age or status they are.
  • Fitrana is the price of one meal, and the person who needs it must get it before the Eid prayer. 

The Impact of Zakat in Bangladesh

Bangladesh is a country with a rich cultural heritage and a large Muslim population. Despite significant economic growth in recent years, poverty and inequality remain pressing issues. Zakat has the potential to make a profound impact on the lives of millions of people in Bangladesh. Here’s how:

Reducing Poverty

Poverty remains a significant challenge in Bangladesh, affecting millions of people. Zakat can play a crucial role in alleviating poverty by providing financial assistance to those who need it the most. By distributing Zakat effectively, we can ensure that basic necessities such as food, clothing, and shelter are accessible to everyone.

Promoting Education

Education is a powerful tool for breaking the cycle of poverty. Zakat funds can be used to build schools, provide scholarships, and support educational programs. By investing in education, we can empower the younger generation to build a better future for themselves and their communities.

Improving Healthcare

Access to quality healthcare is essential for a healthy society. Zakat can be used to establish clinics, hospitals, and medical facilities in underserved areas. It can also support health initiatives, such as vaccination programs and maternal care, ensuring that everyone has access to the medical attention they need.

Empowering Women

In many parts of Bangladesh, women face significant barriers to economic and social participation. Zakat can be used to support initiatives that empower women, such as vocational training programs, microfinance projects, and women’s health services. By empowering women, we can create more inclusive and prosperous communities.

Disaster Relief

Bangladesh is prone to natural disasters such as floods, cyclones, and earthquakes. Zakat can provide crucial support in times of crisis by funding relief efforts, rebuilding infrastructure, and assisting affected families. This ensures that communities can recover and rebuild their lives after disasters.

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The Emotional and Spiritual Rewards of Giving Zakat

Giving Zakat is not just a financial transaction; it is an act of love, compassion, and solidarity. When you give Zakat, you are making a tangible difference in someone’s life. You are helping a mother feed her children, a student pursue their dreams, and a family rebuild their home. The emotional and spiritual rewards of giving Zakat are immense.

A Sense of Fulfillment

There is a deep sense of fulfillment that comes from knowing you have helped someone in need. When you give Zakat, you experience the joy of giving and the satisfaction of knowing that you have made a positive impact on someone’s life.

Strengthening Your Faith

Giving Zakat strengthens your faith and brings you closer to Allah. It is a reminder of the blessings you have been given and the responsibility to share those blessings with others. Zakat purifies your wealth and soul, fostering a deeper connection with your faith.

FAQ

Is it possible to give Zakat to schools?

People who don’t have anything can’t get Zakat, so schools and other educational organizations can’t get it. It would be possible to give the students money, though, if they are qualified for Zakat.

Can someone else pay their Zakat for them?

Occasionally, someone can pay Zakat for someone else. For instance, a husband can pay Zakat for his wife, but she needs to know about it and give her permission for it to happen.

Can a son get zakat from his mom?

A kid can’t get Zakat from his mother because it’s against the rules for someone to give money to someone who depends on them. Children and other dependents don’t have the money to take care of themselves, so their parents have to. You can give zakat to family members who are not depending on you.

Will my husband or wife be able to get my Zakat?

If a husband is eligible for Zakat, his wife can give him her Zakat. A husband, on the other hand, can’t give his Zakat to his wife because he has to pay for her. 

Conclusion

Zakat, a pillar of Islam, mandates giving a portion of wealth to those in need annually. In Bangladesh, it holds transformative potential, reducing poverty, promoting education, enhancing healthcare access, empowering women, and aiding in disaster relief.

Beyond the financial impact, Zakat fosters spiritual growth, offering profound fulfillment through charitable acts that enrich both giver and receiver alike.

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