it is one of the pillars of Islam
Look into the Holy Qur'an. You will see that from ancient times Salah and Zakat were ordained as compulsory for the Ummahs of all prophets and the Islamic religion was never bereft of these two items during the period of any prophet. After mentioning about Prophet Abraham and the Prophets of his race, Allah says in the Qur'an :
"And We made them leaders of men. They guided the people according to Our command, and We inspired in them the doing of good deeds and right establishment of Salah and giving of Zakat and they were worshippers of Us."
Zakat, or charity is the fourth pillar of Islam.
zakat
The Five Pillars of Islam: Shahadah, Prayer, Zakat, Fasting and Hajj.
there are two type of Zakat: obligatory Zakat and Mustahab (recommended Zakat). Recommended Zakat is same as non obligatory donations. Syed can receive non obligatory Zakat from all. but obligatory only from Syed.
Kalima, Salat, Zakat, Sawm, and Hajj
no, zakat is not obligatory, if u can afford it then its obligatory on you to pay it
Yes, zakat is typically paid on stocks as part of one's financial obligations in Islam.
To give to the poor and help out the needy
Paying zakat (alms giving) is the third Islam pillar.
Paying Zakat is the fourth pillar of Islam. It must be paid if it is due.
because u have to pay zakat in islam and it is farz
zakat