About Zakat: Zakat is 2.5% of wealth held for one lunar year, above the Nisab threshold (87.48 grams of gold). It's one of the 5 pillars of Islam.

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The 8 Categories of Zakat Recipients (Quran 9:60):
  1. The poor (Al-Fuqara)
  2. The needy (Al-Masakin)
  3. Those employed to administer zakat
  4. Those whose hearts are to be reconciled
  5. To free slaves
  6. Those in debt
  7. In the cause of Allah
  8. The wayfarer (traveler)