Orphans, widows, poor elderly and families in extreme poverty are given assistance
Zakat is one of the five pillars of Islam, a duty upon every Muslim and the right of the poor and needy. Allah (swt) and His Messenger (saws) inform us that giving zakat not only fulfils this duty and helps those in need, but also purifies one's wealth so that it may continue to grow -- indeed, this is the Arabic meaning of the word 'zakat.'
One of the many benefits of zakah is that it helps provide a form of social justice: a way to redistribute wealth from the better off to those who are less fortunate. For this reason those that are eligible to receive zakah are precisely stipulated unlike the case of general sadaqah.
Almost all of Cambodian Islamic Cooperative' work with the poor and needy, including orphans, widows and the disabled involves working directly with those zakah is intended to help.
Paying your zakah through Cambodain Islamic Cooperative not only allows you to fulfil your obligations and rest assured your money is being given to those in need and in accordance with Islamic law but also allows you to suppot our work with some of the planet's poorest people.
How should I Calculate Zakat?
Zakat is payable on 2.5 percent of the wealth one possesses above the nisab. Nisab, which is equal to the value of three ounces of gold, is the minimum amount of wealth one must have before they are liable to pay zakah. As of August 7, 2010, nisab is estimated to be $2,975.
Zakat is owed on gold, silver, cash, savings, investments, rent income, business merchandise and profits, shares, securities, and bonds.
Calculate Zakat = TOTAL x 0.025 = (Zakat you have to pay)