Though children are exempt from paying Zakat, they must know about the concept particularly what it is, why is it due and to whom it goes. Zakat for children is more of an informative concept that they should keep in mind as they reach adulthood and start providing for their family.
The month of Ramadan is an excellent opportunity for Muslim parents to teach their children about the significance of fasting during Ramadan as well as the importance of paying Zakat. Muslim Aid strives hard to promote religious awareness among children. Do your children know these facts about Zakat? If not, now would be a good time to do so.
Do You Know These Zakat Facts?
- Zakat is one of the five pillars of Islam. To be precise, it is the 3rd pillar after Salaat (prayer)
- Zakat’s literal meaning is Purification. In this case, the purification of a person’s wealth and soul.
- The world Zakat is mentioned 32 times in the Holy Quran
- Zakat amount is exactly 2.5% of all net savings including cash, savings in banks, and other objects or monetary value.
- Jewellery and gold are Zakat-able and must be calculated as part of Zakat.
- People who are in debt can also receive Zakat.
- Zakat is not Wajib (compulsory) on anything that is for personal use such as house, cars, and clothing.
- Even an unemployed individual must pay Zakat as long as his total savings meets/exceed the Nisaab amount
- Zakat and Zakat-Ul-Fitr are two separate things. The latter is due on ALL Muslims. The former applies only to Muslims who exceed Nisaab.
- Zakat can be paid directly to an individual or to relief and charity organizations depending on an individual’s preference.