Communication about Zakat and the Nisab in 2023
Zakat (zakaat, zakah), or almsgiving, is one of the five pillars of Islam. As such, Zakat is mandatory for Muslims, along with the other four sacred pillars of prayer (salah), fasting (sawm), pilgrimage (Hajj) and belief in Allah and His Messenger, Prophet Muhammad (peace be upon him) (shahadah).
For every sane, adult Muslim who owns wealth over a certain amount – known as the Nisab – he or she must pay 2.5% of that wealth as Zakat.
Nisab is the minimum amount that a Muslim must have before being obliged to zakat. The Nisab was set by Prophet Muhammad (peace be upon him) at a rate equivalent to: 85 grams of gold.
The current Nisab in gold value is approximately: 4960.60 €
The payment of the Zekat can be made on the account of the Waqf foundation on the following bank account: LU72 1111 7173 1601 0000 – CCPLLULL
For more information, please contact one of the mosques in the directory.
Source for gold value:
https://www.spuerkeess.lu/de/privatkunden/tools/edelmetalle/
