The Meaning Of Zakat

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1.0 What is Zakat

Literally zakat means blessing, purification, increase and goodness. Zakat is the third pillars of Islam, it is obligatory upon all Muslims to give part of their wealth and assets once it reaches al-nisab (the minimum assigned) on annual basis or once harvested to the eight categories of people as specified in al-Quran (At Taubah: 60). It is also important to note that zakat has to be paid from lawful wealth and assets and should be obtained through lawful means (Magda & Ahcene, 2011).

Zakah is essentially a compulsory annual levy imposed on the wealth of a Muslim even though he is not a Mukallaf. Among the conditions for wealth to be liable to

The most important one is to help the needy and the poor in combating poverty and hunger. If Muslim subscribes to the Islamic economic system the impact is not for Muslim world but also the non-Muslim. Starvation will just be a bad dream. Source of zakat is vast. Zakat due on agricultural produce ranges from 5% to 10% of the total production while zakat income requires 2.5% of the annual income to be deducted for zakat. There is also zakat due on various types of animals such as sheep, cows and camels. Taking the total out of 5%-10% of all agricultural production in the world, plus the required amounts on animals is distributed among the poor in the world and additional 2.5% of income certainly, zakat contribution is more than just eliminating starvation. A system driven by human greed would create hundreds possible unfairness actions but, Islamic economic is a system created by Allah swt, the most gracious, the most merciful as compared to human system which always exposes to greed and

Zakat was paid individually to amils and the amils would distribute the proceeds to the rightful beneficiaries. But in most cases, amil also held other duties. As such, there were issues of heavy workload and no proper designated tasks, which have contributed to the low collection of zakat. For example, an officer also shouldered other tasks related to waqf and Baitul Mal. Only of recent, most states in Peninsular Malaysia has set up their own special unit for waqf, zakat and Baitul Mal, thus allowing the officer-in-charge to focus on their job