Purify your wealth – Zakat For READ Foundation

Purify your wealth – Zakat For READ Foundation

As one of the main pillars of Islam, Zakat is an obligatory charity that has the potential to ease the suffering of millions. Allah SWT stated in Quran:

“And establish prayer and give Zakat, and whatever good you put forward for yourselves – you will find it with Allah.” (2:110, Qur’an)

Muslims believe that paying zakat purifies, increases, and blesses the remainder of their wealth. It also purifies the wealth of the person by removing any evil effect from it. The Prophet (peace be upon him) once said, “Whoever pays the Zakat on his wealth will have its evil removed from him”. (Ibn Khuzaimah and at-Tabarani).

Zakat is also a spiritual connection to one’s maker – to purify your wealth for the will of Allah is to acknowledge that everything we own belongs to Him, and it is for Him that we strive to end poverty and help our brothers and sisters.

Zakat is obligatory upon different forms of wealth, such as money, crops, fruits, livestock, and treasures found on the earth. In today’s world, the most common form of wealth is that of money. Zakat is to be paid on one’s money if that amount of money reaches the minimum required for Zakat and if it has been in the person’s possession for a year’s time. The amount to be paid on such holding is 2.5%. If wealth amounts to less than a threshold figure, termed the nisab, then no Zakat is payable. If wealth amounts to more than the nisab, zakat becomes obligatory.

To find out if you are eligible, use our Zakat Calculator.

“Of their goods, take zakat, so that you might purify and sanctify them.” (9:103, Qur’an)

For the last 27 years, READ Foundation is striving to benefit the needy, especially the orphan and underprivileged children, who cannot afford to go to school. Many families of these orphans even cannot afford two meals a day. So the Foundation takes care of them too. Donate your Zakat for the Education purposes of Orphans studying across our network. READ Foundation is eligible for ZAKAT as we are Shariah Compliant for these donations.

Donate today.

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