Zakat al-Mal is one of the pillars of Islam, a mandatory religious duty imposed by Allah on wealthy Muslims to redistribute a portion of their wealth to the poor and needy.
Zakat al-Mal serves as a means to achieve social balance among members of the same community, preventing the poor from resorting to illegitimate means to obtain the money they need.
This article will discuss the state of Zakat al-Mal in the Sultanate of Oman, its nisab, and how it is calculated in Omani Rial.
Zakat al-Mal in the Sultanate of Oman
In the Sultanate of Oman, zakat is levied on a Muslim’s wealth to a certain extent. This amount is calculated based on the cash and other assets they own, and is paid annually according to Islamic law.
Nisab of Zakat al-Mal in the Sultanate of Oman
In accordance with the word of Allah, Zakat al-Mal is due in the Sultanate when wealth reaches the nisab. The nisab for wealth is the equivalent of 85 grams of gold, and Zakat al-Mal is measured in gold because it is considered a stable asset. When wealth reaches the nisab and a lunar year has passed, zakat becomes obligatory.
The nisab for Zakat al-Mal in Omani Rial is approximately 2,500 Omani Rial; this varies with the market price of gold.
How to Calculate Zakat al-Mal in Omani Rial
In the Sultanate, the principle of Zakat al-Mal and the obligatory amount to be disbursed is “one-quarter of a tenth,” or 2.5% of the total wealth including gold and cash.
Zakat al-Mal is calculated by taking the total amount and multiplying it by 2.5, then dividing by 100, and the result is the amount of zakat.
Example: If the zakat payer owns 10,000 Omani Rial
10,000 × 2.5 ÷ 100 = 250 Omani Rial is the amount of zakat to be paid.
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