On which Things Zakaat has to be Paid
Zakat is the most noble as well as an important part of Islam, something that is believed to earn eternal joy to a person and his loved ones. The concept of paying Zakat is a fragile one, requiring one to pay grave attention. Things that come under the shadow of Zakat comprise of:
- Cash
- Gold and Silver
- Money lent out
- Trade goods
- Stocks
- Agricultural Harvest
and the aspects that are to be deducted from the sum comprise of Debts and routine expenditure. The noble intention behind the principle of Zakat to lookafter the needy one, who themselves are not in the postion to pay Zakat themselves.
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