Zakat

What is Zakat? Zakat is one of the five pillars of Islam. It has been mentioned along with daily prayers Salaat over seventy times in the Quran. Allah's word commanding and establish regular Salaat and give regular Zakat are referred to in many parts of the Quran. from this we can conclude that after salaat Zakat is the most important act in Islam.
Just as Salaat is the most important act of worship which has to be performed bodily, so is A zkat the main act of worship which has to be performed monetarily. Those who fulfill this duty have been promised abundant reward in this world and hereafter. Whoever evades Zakat has been sternly warned in the Quran and hadith of the consequences.Linguistically Zakat has two meanings: Purification and growth. Technically it means to purify one's possession of wealthy by distributing and prescribed amount to the poor the indigent the slaves or captive sand the wayfarer. 

Slaves of Captives and the wayfarer.

There are many major benefits of giving Zakat:

1.  It reminds Muslims of the fact that whatever wealthy they may possess is due to the blessings of Allah and as  such it is to be spent according to the His commands. 
2. Zakat functions as a social security for all. Those who have enough money today pay for what they have. If they need money tomorrow they will get what is necessary to help them live decently. 
3. Zakat payer pays his dues to Allah as an act of worship a token of submission and an acknowledgment of gratitude. The receiver of Zakat receives it as grant from Allah out of His bounty a favor which he is thankful to Allah.
4. Economically Zakat is the best check against hoarding. Those who do not invest their wealthy but prefer to save of hoard it would see their wealth dwindling year after year at the rate of the redistribution of income that enhances to demand by putting more real purchasing power in the hands of poor. 
5. It Prevents extreme financial disparity and a associated social evils and crimes
6. It lead a man to learn about the laws of Allah because he can never pay his zakat until he has learned the rulings of zakat the kinds of wealth that are subject to zakat and those who are entitled to receive it and other information that he needs.

Basic Duties of every Muslim