Yaqeen Podcast
How to Calculate Zakat the Right Way | Ramadan Reflections 16 | Sh. Mohammad Elshinawy
Mar 22, 2025
Sh. Mohammad Elshinawy, an expert in Islamic jurisprudence, shares invaluable insights on calculating Zakat. He breaks down who is required to pay, how much to give, and the nuances of the nisab threshold. Listeners learn about the essential 2.5% rule—along with its exceptions—and how to accurately assess savings, investments, and business assets. With a compelling reminder that 'the right of the poor is in your pocket right now,' Elshinawy emphasizes both the responsibility and spiritual benefits of charitable giving.
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Quick takeaways
- Zakat, the third pillar of Islam, serves to purify wealth and foster generosity by requiring individuals to contribute to those in need.
- Understanding the nisab threshold and the applicable 2.5% calculation on various assets, including savings and investments, is essential for fulfilling zakat obligations correctly.
Deep dives
Understanding Zakah and Its Importance
Zakah is the third pillar of Islam, closely linked to Salah, and serves as a means of purifying wealth and fostering generosity. It requires individuals to contribute a portion of their wealth to those in need, fulfilling their obligation towards the less fortunate. This charitable act purifies the giver from greed and unwholesome earnings, promoting personal and communal growth. The Quran emphasizes that Zakah is a right owed to the poor, highlighting its integral role in maintaining the social fabric and supporting those in need.
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