As the sacred month of Ramadan graces us with its presence, the MTJ Foundation extends heartfelt wishes for a month filled with spiritual growth, compassion, and blessings. May your fasting and prayers be rewarded with peace, and may the teachings of this holy month guide you on a path of righteousness. Let us unite in gratitude and kindness, fostering a sense of community and brotherhood. Ramadan Mubarak from MTJ Foundation!
As for discharging this obligation, in principle, zakat is obligatory upon one who owns the quantum – niṣāb – at the beginning and the end of their zakat year. The niṣāb by the silver standard is 612.36 grams of silver or its value and 87.48 grams of gold or its value by the gold standard. One who owns that amount of gold or silver and/or cash and business inventory that amount to its value or more in total, after the subtractions of any valid deductibles, must pay 2.5% in zakat.
