Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

The Zakat Calculator Helps to Arrive at the Proper Zakat Amount

By Julia Roger Subscribe to RSS | July 14th 2012 | Views:
loading
 
  



Zakat can be termed as a voluntary monetary contribution, which a practicing Muslim is supposed to donate. It is all about giving a fixed portion of ones wealth to the needy. It is a concept, which was introduced by the great Prophet Muhammad himself. In those days it was voluntary. Even to this day it is voluntary with the exception of few states such as Pakistan and Saudi Arabia. In other places Zakat committees have been set up to monitor the collection and distribution of funds. Therefore, as a practicing Muslim one must donate. However, to arrive at the correct figure one must take the help of a zakat calculator.

It is very important to have a perfect idea about the concept of Nisab and its current value. It can be defines as the exemption limit for the payment of Zakat. In plain simple terms it is the limit, which the savings of an individual should exceed so that the owner is obliged to pay Zakat. This donation becomes due after one lunar year starting from the first day from the acquired amount of Nisab or the day one paid the Zakat last year. If one is looking for a perfect time then the holy month of Ramadan is the perfect time to make this payment. Every Muslim who is in possession of 85 grams of gold or anything of equivalent value must pay Zakat at a minimum rate of 2.5%.

The concept of sadaqah is also all about donating a part of the income for charitable purposes. If one goes by definition it is all about giving money without any obligation. There are no limits or guidelines under this system. A person can donate anything he/she wants to. Therefore, as a devoted Muslim if one has enough savings some part of that must go for charitable purpose.

Julia Roger - About Author:
For more information on zakat calculator, check out the info available online; these will help you learn to find the sadaqah!

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/the-zakat-calculator-helps-to-arrive-at-the-proper-zakat-amount.htm

Related Business Articles Subscribe to RSS

Peru Amazon Tours in Tambo Blanquillo and Regions to Experience Near By
Published by Tracy Narvaez on August 25th 2012 | Business
On the way to the lodge from Cusco there is a cloud forest, various rainforest habitats and a small ...
 
Gardening and Outdoor Living Retailing in Emerging Markets: Market Guide to 2016
Published by Bharatbook on August 25th 2012 | Business
Bharatbook.com introduces a report Gardening and Outdoor Living Retailing in Emerging Markets: Mar...
 
Time to get the latest university news
Published by Gene Crayton on August 25th 2012 | Business
Education is a never-ending process. Each day you get to learn something new which may or may not be...
 
Voice over Agencies- Helping Hand for All Your Voice over Requirements
Published by Julia Roger on August 25th 2012 | Business
It is important that you choose a voice over agency that is reputed and is in the business for a con...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...