The Connection Between Zakat and The Economic System (Social Security)

......As zakat is a means of money passing from the hands of one person to another, who may benefit from it and dispose of it, and this is regulated by the general principles that are derived from the Qur’an and Hadith, we may say that in this sense zakat is indeed a part of the Islamic economic system; there are texts which explain the kinds of wealth on which zakat is to be paid and the amounts due, and those to whom zakat may be given, and how it is to be paid. All that is well known. [Find your answer here......]

Understanding Zakat.

Allah, the Almighty, prescribed Zakat on all Muslims and made it one of the five pillars of Islam. He says, "and establish prayer and give Zakat" [Al-Quran, Surah Al-Baqarah, verse 110]. The Prophet also said, "Islam is based on (the following) five (pillars): to testify that there is no deity save Allah and Muhammad is His Messenger, offer the (compulsory congregational) prayers, pay Zakat (obligatory charity), perform Hajj (Pilgrimage to Mecca) and observe fast during the month of Ramadan."...

Zakat, The 3rd Pillar of Islam, and its Advantages in Malaysia

Zakat from the language point of view is clean, pure, grow and prosper. Zakat can also be interpreted as an act of mercy, kindness, purification and improvement. Zakat is one of the five pillars of Islam. Zakat is the 3rd pillar after prayers (Some say fasting is 3rd pillars of Islam, but according to the following hadith, zakat it is the 3rd pillar of Islam....