Ramadan is a time for generosity and giving, and an important part of this is donating to those in need. Many Muslims make the payment of Zakat – or the donation of money to those in need during the month of Ramadan for a greater reward.
Zakat is the third pillar of Islam. It is a compulsory act of worship that requires Muslims who are of sound mind and means to donate a proportion of their wealth to help others at a certain threshold (Nisab).
Zakat brings benefits to the giver which include helping those less fortunate than ourselves and acknowledging that everything comes from God on trust and that we do not really own anything ourselves.
If you’re unsure if you qualify to give Zakat, or what level of Zakat to pay, then take a look the Al Rayan Bank online Zakat Calculator here. It was developed in partnership with the National Zakat Foundation, which aims to use Zakat funds and voluntary donations collected in the UK for the benefit of local, deserving recipients.