Zakat
30-03-2016
Deniz Feneri delivers Zakat to people in need all around the world
What is Zakat?
Zakat, or zakat al-mal, means obligatory "alms" or "alms upon wealth." It stands as the Third Pillar of Islam, coming immediately after salat, the daily ritual prayer. Every Muslim possessing the designated minimal amount of wealth, nisab, for the full cycle of a lunar year must, as a matter of worship, satisfy the duty of paying zakat.
What Are the Categories of Zakatable Wealth?
All possessions can be classified into either zakatable or non-zakatable wealth. For the purpose of zakat calculation, Muslim scholars have established five categories of zakatable wealth:
- Personal Zakatable Wealth: This includes money on hand and in bank accounts, stocks, and money held in retirement and pension accounts.
- Business Zakatable Wealth: This is further classified in two categories:
1.1. Trading goods and liquid assets including business inventory
1.2. Exploited assets such as rented properties and factories
- Livestock: Animals raised for commercial purposes— primarily sheep, goats, cattle and buffalo
- Treasure (rikâz): This includes buried valuables or natural resources, such as oil, precious metals, and gemstones.
What Constitutes Non-Zakatable Wealth?
In general, zakat is calculated on personal net worth, excluding properties and items for personal, family, and commercial use. Public properties are also non-zakatable. Below is a partial list of wealth that is zakat-exempt:
Property for Personal, Family, and Commercial Use: This category contains seven primary kinds of wealth:
Food:As stored for consumption by an individual or family
Clothing:All personal and family apparel
Residence:The domicile owned and occupied by the owner, including furnishings, utensils, and apparatus used for basic needs and necessity
Transportation: The means of personal and family transport, such as vehicles used by an owner and family members
Domestic Animals and Poultry: If used for household food and needs, one may own kinds and quantities in this category as follows (Note: the following numbers of animals for personal use and consumption are based on one zakat payer. If more than one zakat payer domicile together, or keep their animals and land collectively, the numbers would increase accordingly):
We are waiting for your help, You can support us with donations
For international donation:
Bank Account:
Halk Bank Fatih Branch (Branch Code: 9754)
Swift Code: TRHBTR2A
IBAN No:
TL TR 9600 0120 0975 4000 1200 9999
USD TR 8300 0120 0975 4000 5300 9999
EURO TR 4400 0120 0975 4000 2P00 9999
Ziraat Bank Fatih Branch (Branch Code: 488)
Swift Code: TCZBTR2A
IBAN No:
TL TR 8600 0100 0488 0214 0948 5009
USD TR 4300 0100 0488 0214 0948 5007
EURO TR 1600 0100 0488 0214 0948 5008
Note: For international adaq, aqiqah donation, kindly send to bank receipt to Deniz Feneri via fax
Fax number: +90 212 415 61 61
