Zakats

GOOD AT PROVIDING SUSTAINABLE FUNDING FOR PUBLIC GOODS

Good at

Creating sustainable public goods funding

Proper Management

Proper management, adherence to Islamic legal principles, and community support for its ongoing effectiveness.

TL;DR

INVENTED IN ISLAMIC FINANCE

Zakat is a form of almsgiving in Islam that requires Muslims to donate a fixed portion of their accumulated wealth, typically 2.5%, to those in need. It is mandatory for eligible Muslims and aims to redistribute wealth, alleviate poverty, and support the welfare of the community, encompassing various categories such as the poor, the needy, those in debt, and others specified in Islamic law.