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What is the difference between Zakat & Sadaqah?
Zakat is obligatory (wajib, one of the pillars of Islam), has specific rate of 2.5% and minimum level (Nisab), specific period of fulfilment (Haul) and specific beneficiary (Asnaf).
Sadaqah is encouraged (sunnah), has neither specific rate nor minimum level, specific period of fulfilment nor specific beneficiary.
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ZakatRelated questions
To my understanding, there is Zakat for gold but what about Zakat for silver?
Who is eligible to pay zakat?
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Which day of the month should I take to calculate my Zakat on Savings? Every end of the month? During payday? Every start of Islamic month?
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May I know if a Muslim organization is required to pay Zakat Harta when its bank account balance has fulfilled the criteria for haul and nisab?
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