Wisdom of Zakah

The wisdom of giving Zakaah on gold and silver is that it helps in the movement and circulation of money to benefit all those who trade in it, as well as the poor. Its hoarding and confinement leads to depression and decline of businesses, widespread of unemployment, stagnation of markets, and the contraction of economic activities in general.

Hence, Zakaah is obligatory in all aspects once one reaches the level of Nisaab (i.e. 85 grams of gold or 595 grams of silver approx.) or its equivalent in cash, and whether it is has been invested or not (irrespective of if it is used for trading or not).

Comments

Popular posts from this blog

Whoever Is Trialed With Being Amazed Of His Own Self

Reminder