Zakat is a religious obligation for all Muslims who meet the necessary criteria to donate a certain portion of their wealth each year to charitable causes.
It is said to purify yearly earnings that are over and above what is required to provide individuals and their families with their essential needs.
Zakat is based on income and the value of possessions.
The common minimum amount for those who qualify is 2.5% or 1/40 of a Muslim's total savings and wealth.
No zakat is required when someone's personal wealth falls below the threshold during a lunar year,
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