Every Muslim is obligated to pay a portion of his or her wealth for the benefit of the poor and needy. Zakat means purification and growth. Our possessions are purified by setting aside a portion for those in need. This also increases social welfare and encourages economic growth.
A Muslim may also donate more as an act of Sadaqah (voluntary charity), in order to achieve additional reward from Allah.
It is the 3rd pillar 'Zakat or alms giving'. refer to related question below.
There are 5 Pillars of Islam
1. Shahada - Testimony - to believe and testify that there is no God but Allah and Muhammed is his final Messenger of God.
2. Salah - Prayer - to pray the compulsory five times prayer
3. Zakah - to pay the compulsory % of your wealth and savings to the poor. Normally 2.5% but it varies with some other wealth.
4. Sawm Ramadhan - Fasting the month of Ramadhan
5. Hajj - Pilgram to Mekkah once in your life if one can afford
It is called Zakat; the third pillar of Islam five pillars. Refer to questions below.
zakat
Paying zakat (alms giving) is the third Islam pillar.
Alms giving. It is called in Arabic Zakat and is the third pillar of Islam five pillars. Refer to related question below.
It is the third pillar of Islam five pillars called Zakah (or Alms giving). Refer to question below.
helping the poor ans Alms giving. In Islam religion, alms giving (or Zakat in Arabic) is one of the Islam five pillars that denying any of them expels the one from Islam faith.
Giving Alms to the poor is one of the five pillars of Islam.
Zakat or alms giving. Refer to related question below.
Alms-giving, also called "Zakat" is what Muslims do when they give a portion of their wealth (in the form of food, money etc.) to the poor. Alms-giving is also one of the 5 pillars of Islam.
They have the right to be supported to eat, to cured when ill, to vote, and to be educated. The third pillar of Islam five pillars commands Muslims to pay Zakah (or Alms giving) to the poor in addition to the other offers to them by the rich. Refer to question below.
Zakaah, also known as "alms giving" makes up one of the Five Pillars of Islam. It involves individual Muslims giving up their excess wealth and possessions to less-fortunate members of their community, much like charity.
praying (salat)Alms giving (zakat)fasting (sawm)pilgrimage (Hajj)
The second Pillar of Islam is Salat, or prayer. Muslims pray five times throughout the day to constantly thank God for that we are blessed with. These prayers can last from 18min - couple of hours in a day depending on how many optional prayers a person wants to do. Refer to the related questions below for more information