Zakat is mandatory for Muslims who meet the financial threshold, known as nisab, and is given annually at a fixed percentage of 2.5 (one-40th) of one’s wealth. More on how this is calculated, later.

It's important to first state there is a minimum amount of wealth a Muslim must have before paying zakat, and this is called the nisab. It's based on the value of 87.48 grams of gold or 612.36 ...

Zakat is typically calculated at 2.5% of the total amount exceeding the Nisab threshold. The survey, conducted via computer-assisted telephone interviews in 2024 as a result of a partnership ...

Zakat is mandatory for Muslims who meet the financial threshold, known as nisab, and is given annually at a fixed percentage of 2.5 (one-40th) of one’s wealth. More on how this is calculated ...