Friday, December 24, 2010

Zakat - Cleansing

Zakat (a definition in one of the 5 Pillars of Islam, is the giving 2.5% of one's possessions (surplus wealth) to charity, generally to the poor and needy. It is often compared to the system of tithing and alms, but it serves principally as the welfare contribution to poor and deprived Muslims, although others may have a rightful share. It is the duty of an Islamic community not just to collect zakat but to distribute it fairly as well.

In Malaysia, each country has a respective Zakat Department/counter to collect these zakat. Just present:

a) payslips/EA form
b) current bank statements
c) any documentation on other loans obligated to pay

In doing this before 31 December 2010, we can get a rebate on the annual tax return 2011. They are opened Saturday and Sunday too (9am - 3pm) up to 31 December 2010.  So, hurry up and grab the chance of cleansing urself now! :)

No comments:

Post a Comment