Postponing the zakat for Ramadan.
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Zakat is paid on 5 types of properties; cattle, gold and silver, commercial goods, grains and fruits and mineral resources. Each has its conditions. Those who neglect paying it are promised a painful suffering.
Zakat is one of the 5 pillars of Islam. It is a charity duty imposed on a certain threshold of excess money and paid to the poor. It is the most important pillar after testifying that there is no deity than God and prayer.
How to calculate Zakat for pensions, savings, loans, debts and property.