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 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 installments?
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. Who can receive Zakat?
A. There are eight categories as outlined in the Qur'ran:
The poor, those in debt, the wayfarer, those in the cause of Allah, the needy, those whose hearts are to be reconciled, to free those in captivity and those who collect and distribute the Zakat.