Narrated Anas

... these are the commands for compulsory sadaqa which Allah's Messenger had made obligatory upon muslims, which Allah commanded His Messenger with it ... for silver the zakat is one fortieth of the lot (2.5%). And if its value is less than 200 dirhams, zakat is not required ...

Partial Sahih Bukhari
Vol. 2 Book 24 Hadith 534

   





Zakat

Muslims who have more than a certain amount of assets pay zakat annually. Similar to tax, the payment due depends on the asset's type and amount.

Pillars Of Islam ❥ Zakat

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002:043 And establish prayer and give zakah and bow with those who bow (in worship and obedience).
zakat
002:110 And establish prayer and give zakah, and whatever good you put forward for yourselves you will find it with Allah. Indeed, Allah of what you do, is Seeing.
zakat
002:277 Indeed, those who believe and do righteous deeds and establish prayer and give zakah will have their reward with their Lord. And there will be no fear concerning them, nor will they grieve.
zakat
024:037 Men whom neither trade nor sale diverts them from the remembrance of Allah (with heart and speech), nor from performing prayer, nor from giving the zakah. They fear a Day when hearts and eyes will be overturned (from the horror of the torment of the Day of Resurrection)
zakat
004:162 But those firm in knowledge among them, and the believers believe in what has been revealed to you (O Muhammad) and what was revealed before you, and those who perform prayer and give zakah, and believe in Allah and in the Last Day - it is they to whom We shall give a great reward.
zakat

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All verses are only translated interpretations.