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How to Calculate Zakat on Property

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erika benn
How to Calculate Zakat on Property

Introduction

There is always an increase in donations with the commencement of the holy month of Ramadan. A major contributor to these increased donations is Zakat. One can pay the Zakat money at any time during the year. However, to double the rewards, Muslims usually pay the Zakat money in the holy month of Ramadan. By the grace of Allah (SWT), we are going to be graced with Ramadan’s blessings once more.

If you have not calculated the annual 2.5 percent yet, because it is your first time, well now will be the ideal time to do so. In today’s discussion, we are focused on how to calculate Zakat on the property that you have. The discussion demands your utmost attention, so stick until the very end, for a better understanding!

Pay Zakat Here

Importance of Zakat

Before we get into the main debate, it is important to realize the importance of Zakat in Islam. Zakat is one of the fundamental pillars of Islam. There is no better way of purification of soul and wealth than Zakat. Zakat gives the underprivileged section of society their right, which they have on our wealth. In the holy Quran, Allah (SWT) says:

“Those in whose wealth there is a recognized right for the needy and the poor”

(Qur’an 70:24-25)

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