Zakat Al-Mal is an obligatory charity that is a responsibility upon every capable Muslim. 2.5% of a Muslim’s total wealth should be computed annually, and the revenues should go to the needy and poor, particularly to the eight groups who qualify for Zakat.
Zakat is an important Islamic principle, and anyone who has enough money but refuses to pay their Zakat is breaking the law. Zakat is the right of the poor and needy Muslims. By paying your Zakat, you are assisting the poor and middle class of society, which boosts production and economic activity, eliminates poverty and ultimately aids in the transfer of wealth.