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Zakāt (also '''Zakaat''' or '''Zakah'''; in Sunni Islam and one of the Branches Of Religion in Shi'a Islam . Zakât refers to spending fixed portion of one's wealth for the poor and needy in the society. Its literal meaning is 'to grow (in goodness)' or 'increase', 'purifying', or 'making pure'. It is prescribed in the Qur'an: : "And what you give in usury, so that it may increase through (other) people's wealth it does not increase with Allah, but what you give in Zakaat, seeking Allah's Pleasure, then it is those who shall gain reward manifold..." (30:39) A Muslim may also donate an additional amount as an act of voluntary charity ( Sadaqah ), in order to achieve additional divine reward. There are two main types of zakât:
The payment of zakât is obligatory on all Muslims. In current usage it is interpreted as a 2.5% levy on most valuables and savings held for a full year if their total value is more than a basic minimum known as Nisab (the value of 3 Ounce s of gold). At present, nisab is roughly US $1,300 or an equivalent amount of any other currency. Zakât is distributed among 8 Asnaf (categories) of people:
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