Concept of Zakat in Islam and other revealed religions

Abstract

Islam is a religion that gives the message of love and peace. It wants its followers to live in peace and harmony in the world along with people of other religions and assist each other in making the world a better place. It is this motto of making the world a better place and helping others that Islam emphasizes on charity. In Islam, Zakat is the fourth pillar. Zakat refers to purification in general and purification of wealth in particular, therefore, those Muslims who have wealth over a certain ratio, they are liable to pay Zakat on it and give it to those who are less fortunate and don’t have sufficient means to live their life in a standard way. Besides the fact that Zakat is an obligation and fulfillment of it leads to a Muslim getting reward from Allah Almighty and intentional swerving from it leads to a Muslim receiving punishment from Him, there are other reasons which one can find pertaining to the importance of Zakat. 1.Helps in Building The Society. 2.Circulation of Money. 3. Develops a Sense of Sacrificing.