Zakat, or almsgiving, is the third Pillar of Islam and emphasizes the importance of charitable giving. It is an obligatory act for Muslims who meet a certain threshold of wealth, typically calculated at 2.5% of one's savings.
Zakat serves several essential Purpose for humanity
Purification of Wealth: It is believed that giving Zakat purifies one's wealth and promotes a sense of accountability.
Support for the Needy: The funds collected through Zakat are distributed to the poor, orphans, and those in need, helping to alleviate poverty and promote social justice.
Community Solidarity: Zakat strengthens community bonds by fostering a sense of responsibility among wealthier individuals towards their less fortunate counterparts.
Zakat al-Fitr
In addition to regular Zakat, Muslims also give Zakat al-Fitr at the end of Ramadan. This form of charity is meant to purify those who fast from any indecent act or speech and to help the needy join in the celebration of Eid al-Fitr.
Conclusion
Zakat is a powerful tool for social change, emphasizing the ethical use of wealth and the importance of supporting one another within the community.