Our khutba today is about a financial act of worship which\nprotects the soul from its greed and purifies it from stinginess. It is about\nZakat. <\/p>\n\n\n\n
The imam speaks of the following hadith in which the prophet\nSAWS said:<\/p>\n\n\n\n
\u201cIslam is built on five pillars;\nthe Shahada that there is no god except Allah and Muhammad is the Messenger of\nAllah, establishment of Salat, payment of Zakat, Hajj and the fasting of\nRamadan.\u201d<\/p>\n\n\n\n
It is very important that every believer in Allah should not\nunderestimate and neglect this significant pillar of the religion and that\nhe\/she should happily pays his\/her Zakat. One should remember that it is Allah\nWho has blessed one with the money he has, and He only obliged him to pay a\nsmall fraction of it (2.5%) as Zakat. Compare that to the tax we pay on income\nof around 30%. One should also remember that Allah SWT gives great reward for\nthe payment of Zakat on the Day of Judgement. <\/p>\n\n\n\n
Dear brothers there are two conditions for Zakat to be an\nobligation. <\/p>\n\n\n\n
First condition that needs to be met is to own the Nisab\n(i.e. minimum amount of money or other type of wealth on which Zakat is\npayable.) This is \u00a3361 today based on the value of the defined 595 grams of\nsilver. <\/p>\n\n\n\n
The second condition that needs to be met is one must have\nthe money in one\u2019s possession for one lunar (Hijri) year. <\/p>\n\n\n\n
The types of wealth on which Zakat is payable are: <\/p>\n\n\n\n
This khutba concludes with 3 points relating to Zakat for us\nall to ponder and apply practically.<\/p>\n\n\n\n
Firstly, the easiest way to calculate Zakat is this case is\nto determine a day in the year (e.g. in Ramadan or beginning of the Hijri year)\nwhen one pays one\u2019s Zakat. When this day 3 comes, one should add together all\nthe money that one has. This includes cash in hand, money in bank(s) and the\nvalue of good for trade (if one has) etc. One should deduct debts which are due\nfor payment \u2013 and out of the remaining, one should pay 2.5% . <\/p>\n\n\n\n
The second point is about the recipient of the Zakat. It is\nabout whether it is permissible or not to give Zakat to brothers and sisters if\nthey are poor. The answer is yes, you can give your Zakat to your brothers and\nsisters if they are entitled for Zakat, However, you cannot give your Zakat to\nyour parents or children. <\/p>\n\n\n\n
Finally, one of the types of wealth on which Zakat is\npayable is goods which are stocked for trade. The Nisab is equal to that of\npaper money. At the end of year, the trader makes an evaluation of all the\ngoods he has in stock. What is considered here is the sale value of the goods \u2013\nnot the purchase value. The amount which should be paid as Zakat is 2.5% of the\ntotal value of the goods. It is very important for shop owners to pay their\nZakat. They must not forget or neglect it.<\/p>\n\n\n\n
Dear brothers and sisters, zakat is a compulsory charity as\ninstructed by the giver of our sustenance. It would be non-sensical to ignore\nthis duty that is placed upon us. And by using this month as the financial end\nof year, we can fulfil the duty placed upon us as well as earn the extra reward\nof performing this great deed in the month of Ramadan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Our khutba today is about a financial act of worship which protects the soul from its greed and purifies it from stinginess. It is about Zakat. The imam speaks of the following hadith in which the prophet SAWS said: \u201cIslam is built on five pillars; the Shahada that there is no god except Allah and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_regular_price":[],"currency_symbol":[],"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[74],"class_list":["post-2672","post","type-post","status-publish","format-standard","hentry","category-sermon","tag-zakat"],"blocksy_meta":[],"post_slider_layout_featured_media_urls":{"thumbnail":"","post_slider_layout_landscape_large":"","post_slider_layout_portrait_large":"","post_slider_layout_square_large":"","post_slider_layout_landscape":"","post_slider_layout_portrait":"","post_slider_layout_square":"","full":""},"_links":{"self":[{"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/posts\/2672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/comments?post=2672"}],"version-history":[{"count":0,"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/posts\/2672\/revisions"}],"wp:attachment":[{"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/media?parent=2672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/categories?post=2672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/salahadeenmosque.org.uk\/index.php\/wp-json\/wp\/v2\/tags?post=2672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}