Zakat Fundamentals: Exploring Objectives and Wealth Classification

Zakat is one of the Five Pillars of Islam. It requires all Muslims to donate a portion of their wealth to charity.

On this three-week course from INCEIF University, you’ll build the knowledge and understanding you need to practise Zakat. Beginning with an overview of Zakat’s application through history, then moving through practical information for your own calculations, this course provides the foundation you need to fulfil your religious obligations and contribute to the good of society.

You’ll start the course with an overview of the definition, administration, and objectives of Zakat.

You’ll explore the many benefits of Zakat for givers, recipients, and Muslim society as a whole.

In Week 2 of the course, you’ll get stuck into the nitty gritty of calculating Zakat. You’ll learn how to identify and categorise assets that are subject to Zakat, including money, gold, silver, agricultural produce, and livestock.

You’ll also take a closer look at the two main kinds of Zakatable wealth: Zakat al-Fitr and Zakat al-Mal.

Guided by Islamic finance experts over the three weeks of the course, you’ll arrive at an in depth understanding of Zakat and its importance for society.