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  • In: Zakat Issues
  • Comments Off on Zakat as a means of alleviating poverty in Islam
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Zakat is an Arabic word which means “increase,” “growth,” or “purification.” Zakat payment is an obligation upon all Muslims to give a portion of their wealth to the poor. Therefore, Zakat is a duty imposed by Allah (SWT) on adult Muslims who have reached or exceeded an amount of wealth.

There is zakat payable on; wealth, livestock, farm products and mineral resources. One condition for the payment of zakat is that the value must reach a stipulated minimum. The minimum amount one must have to be eligible to pay Zakat is called ‘nisab’.

One fourteenth of the amount equivalent to 2.5% of nisab or any amount above the nisab is what is given as Zakat for the poor. Zakat is unique because it is not paid on income but rather on the accumulated savings of a Muslim for a year.  If a person saves nothing after expenses are removed from their income, then such a person is not obligated to pay Zakat.

Poverty has always been a part of the world we live in. Poverty is a condition where individuals and families have no regular income. Thus they live with a chronic lack of opportunities, education, shelter and food.

Poverty in Islam is the failure to fulfill any of the five basic human requirements for oneself or the family. They are; Religious, physical, knowledge, dignity and needs. Zakat is placed by Allah to help those in need.

The implementation of Zakat is a means to alleviate poverty in Islam. Once, in the past Zakat has proven to be a successful tool in the reduction and almost complete elimination of poverty. Therefore, this means that Zakat can be successful again.

Zakat is payable on all forms of wealth; agriculture, silver, gold, money, and so on. When a Muslim fulfills his Allah’s given obligation to give Zakat he is helping to reduce poverty. Those who receive Zakat are those in any of the following categories;

  • The Poor
  • The Needy
  • The collectors of Zakat
  • The needy who are recently converted to Islam
  • Debtors
  • Slaves
  • A stranded traveler
  • Those working for the cause of Allah

Zakat is given at the completion of one year on the NISAB and after the settlement of ones liabilities and debts. Zakat alleviates poverty by not just giving out immediate relief to the poor but by playing a role in the economy. Zakat benefits not just the receiver but the giver. Zakat purifies wealth and curbs greed in Islam.

 

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As we promised, the new nisab as usual is presented during the Holy month of Ramadan on this site. I am happy to present to you the our annual Nisab for nigeria in Naira.

The new minimum amount of money legible for zakat (NISAB) has been calculated and published. The period of this new Nisab is from Ramadan 1439AH (2018) to next Ramadan 1440AH (2019).

A part from the NISAB, the amount also includes the minimum Sadaq (Rub’u Dinar) and the compensation for accidental murder (Diyyah). This year the amount is as follows:

NISAB:   N 1, 075,066.00,

RUB’U DINAR: N 13, 438.00 and

DIYYAH: N 53, 753, 300.00.

The amount of zakat to be given is always 2.5% or one over forty.

For more info on Zakat call:

Ibrahim Tudu, Director Zakat on 08086052324 or email: tudu361@gmail.com or Whatsapp 08086052324:

For support to this work on this site please help by donating to:

Diamond: 0064305175. Jazakumullahu Khairan

As we promised, the new nisab as usual is presented during the Holy month of Ramadan on this site. I am happy to present to you the our annual Nisab for nigeria in Naira.

The new minimum amount of money legible for zakat (NISAB) has been calculated and published. The period of this new Nisab is from Ramadan 1439AH (2018) to next Ramadan  1440AH (2019).

The amount also includes the minimum Sadaq (Rub’u Dinar) and the Blood money (Diyyah). This yaer the amount is as follows: NISAB: N 1, 075,066.00, RUB’U DINAR: N 13, 438.00 and DIYYAH: N 53, 753, 300.00.

The amount of zakat to be given is always 2.5% or one over fourty. For more info on Zakat call: Ibrahim Tudu, Director Zakat on 08086052324 or email: tudu361@gmail.com or Whatsapp 08086052324: For support to this work on this site help donate to Diamond: 0064305175. Jazakumullahu Khairan

 

The new minimum amount of money legible for zakat (NISAB) has been calculated and published. The period of the new Nisab is from Ramadan 1438AH to next Ramadan  1439AH. The amount also includes Rub’u Dinar and Diyyah (Blood Money). They are as follows: NISAB: N 1, 385,300.00, RUB’U DINAR: N 17, 316.00 and DIYYAH: N 69, 265, 000.00 May Allah Guide us, Amin. For more info on Zakat call: Ibrahim Tudu, Director Zakat on 08086052324

 

Thank you for the waiting. The enormous task of calculating and standardisation of the Nisab for zakat for this Ramadan has been completed and is to be released.

The new nisab will cover 12 months Ramadan 1438AH to Sha’aban 1439AH. The New Nisab will be published next week Saturday possibly the first of Holy month of Ramadan. Thanks for the waiting.

The new nisab of zakah for the yaer 2016 has been released by Zakat and Endowment board zamfara state. The new nisab is valid from RAMADAN 1437AH (2016)  TO  SHA’ABAN 1438AH (2017):

NISAB OF CASH      –         N         1,022,000.00

DIYYAH                     –         N     51,100,000.00

RUB’U DINAR          –         N              12,775.00

For any or more information you can contact DIRECTOR ZAKAT on 08086052324. Thanks

  • In: Zakat Issues
  • Comments Off on Find NISAB of previous years here

In response to some of your enquiries about NISAAB,  i wish to publish this table for those asking for NISAB of previous years. There has been interesting and remarkable development of Nisab for zakat in Nigeria. The strength of the Naira against the dollar and also the cost of gold in the international market affect the calculation of nisab yearly. Below are the marked changes and metamorphosis of Nisab for those wishing to reckon with nisab of previous years. For any more info you can contact DIRECTOR OF ZAKAT, Ibrahim Tudu on 08086052324

The History of Nisab in Nigeria (2001-2016)

 

HIJRAH MILADIYYA NISAB AMOUNT
1422AH 2001 N    75,291.00
1423 2002 78,575.00
1424 2003 134,321.00
1425 2004 155,169.00
1426 2005 117,072.00
1427 2006 201,561.00
1428 2007 223,173.00
1429 2008 223,173.00
1430 2009 278,329.00
1431 2010 373,601.00
1432 2011 459,649.00
1433 2012 620,942.00
1434 2013 736,067.00
1435 2014 705,281.00
1436 2014/15 584,833.00
1437 2015/16 641,770.00
1438 2016/17 1,022,000.00

 

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