Zakat Al Mal. Zakat al mal and zakat al fitr. The wealth he possesses has been held beyond one haul which is equivalent to a period of one islamic calendar year 354 days.
The wealth he possesses goes beyond a certain amount called the nisab. Zakat al mal is compulsory on a muslim upon the following conditions. It is mandatory for every muslim who is financially stable and has what is called the nisab which is the threshold that one must have to pay zakat to the poor and needy.
Zakat al mal zakat is one of the five pillars of islam.
In the islamic faith zakat means purifying your wealth for the will of allah swt. Collection of zakat al mal effective 1 june 2016 zakat al mal is collected at mira. Zakat al mal and zakat al fitr. For every sane adult muslim who owns wealth over a certain amount known as the nisab he or she must pay 2 5 of that wealth as zakat.
