In Islam, riba is interest gained or paid on transactions or savings. This includes: Any interest earned from savings accounts, individual savings accounts (ISAs) and other savings investments. Payments of interest for credit card fees, loans or mortgages. To donate riba to charity, you would be required to donate the amount of interest earned
Zakat: A term used in Islamic finance to refer to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes. Zakat is a mandatory process for
1 Answer. there is no zakat on the things of your ordinary usage. zakat is only on your excess wealth. if your excess wealth crosses limit of the Niasb of zakat, only then you are eligible for giving zakat, otherwise if you are not eligible for paying zakat,then no need to give anything at all. if you dont give anything,you are not doing a sin The poor (al-fuqarâ’), meaning low-income or indigent. 2. The needy (al-masâkîn), meaning someone who is in difficulty. 3. Zakat administrators. 4. Those whose hearts are to be reconciled, meaning new Muslims and friends of the Muslim community. 5. Those in bondage (slaves and captives. Zakat can be paid at the mosque near you so the mosque committee or the Imaam can distribute it to the poor and needy that are entitled to get it. You can also give it to any Reputable Muslim Charitable Organization of your choice. Please Also Note: A Muslim’s primary responsibility is to pay the Zakat, not to supervise how it is spent.

Abu Bakr answered: “You will pay diyah (blood money to compensate ) for our dead (but) We (Muslims) will not pay diyah for your dead. You will openly testify that our dead will go to jannah and yours to jahannam (as they died upon kufr for rejecting the obligation of zakat). You will return what you had taken from us.

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what to say when giving zakat