Zakat is one of the five pillars of Islam and obligatory on all eigible Muslims annually. Zakat is payable at 2.5% of the wealth one possesses above the Nisab. To be eligible to pay zakat, your annual savings must be greater than the Nisab threshold. *As of March, 2023, Nisab is estimated to be $5000. If your Zakat-Eligible Total is less than $5000, you are not required to pay Zakat.
Pay Zakat Calculate Your Zakat Details on ZakatIs MakeSpace Zakat Eligible?
According to the opinion we prefer, MakeSpace’s mission is zakat eligible under the category of في سبيل الله (God’s Path).
Categories of Zakat Recipients:
- The poor (al-fuqarâ’), meaning low-income or indigent.
- The needy (al-masâkîn), meaning someone who is in difficulty.
- Zakat administrators.
- Those whose hearts are to be reconciled, meaning new Muslims and friends of the Muslim community.
- Those in bondage (slaves and captives).
- The debt-ridden.
- In the cause of God. في سبيل الله
- The wayfarer, meaning those who are stranded or traveling with few resources.