“Allah does reward the charitable.” ~ (Al-Quran 12:88)
Islam has five pillars. Third one is Zakat. The 2.5 or 1/40 percent of an individual’s year’s total cumulative wealth that is to be circulated to the poor is Zakat. Literal meaning of Zakat is ‘to cleanse’ or ‘to purify’. Hence, in Islamic perspective, Zakat denotes purifying one’s wealth. The person, who owns 640 grams of sliver or 87.5 grams of gold or cash/wealth equivalent to the values mentioned beforehand, is obligated to give Zakat. Such an individual is referred as Sahib-e-Nisab. Holy Prophet, peace be upon him, called Zakat ‘the treasure or bridge of Islam’.
On mental level, giving Zakat diminishes the selfishness of a person and opens his/her heart for others. On spiritual level, it provides and maintains spiritual contentment and serenity. On economic level, it maintains financial balance and halts to give birth to class discrimination. Hence, due to Zakat, wealth also reaches to the poor class except for just disseminating among the hands of rich. Lastly, on religious level, Zakat is given for the pleasure and love of God Almighty.
All in all, Zakat has infinite benefits. For example, it gives rise and blessings to one’s wealth, it grants forgiveness of God, it provides shelter on the Day of Judgment, it decreases the lust for wealth, it brings piety and cleanliness, etc.
“Charity and alms pacify the wrath of Allah and man avoids wretched death.” ~ Prophet Muhammad (P.B.U.H)