THE PRESCRIBED CHARITY
The fourth pillar of Islam, Zakat, is the giving of alms out of one’s own private means at a minimum fixed rate of 2.5% per annum. This money is given in the name of God and is to be spent on worthy religious causes and on meeting the needs of the poor and the helpless.
Zakat is in the nature of an annual reminder to man that everything he possesses belongs to God, and that nothing should, therefore, he withheld from Him.
Man himself plays only a very small part in obtaining whatever he owns in this world. Were he not to have the benefit of God’s endless bounty, he would neither be able to grow grain, raise cattle, set up industries not accomplish any other work of a useful nature. The system of life created for him by God, meeting as it does all of his requirements from those of his inner being to those of his external environment, is one of the greatest perfection. Were God to withdraw even a single one of His blessings, all man’s schemes would lie in ruins and all his efforts would be in vain. All productivity would grind to a halt, and life itself would come to a standstill.
The observance of Zakat is a way of acknowledging this fact of life. Islam desires that private wealth should be considered as belonging to God, and that He should have his rightful share in whatever gains are made.