1. So what’s this Zakat business all about?
The word “Zakat” literally means "that which purifies" and "that which fosters growth". So the act of giving Zakat means purifying one's wealth to gain the blessings of Allah (swt).
Zakat is the third pillar of Islam and is one of the most fundamental acts of Ibadah (worship) hence being mentioned over 30 times in the Holy Quran. In simple terms, it is the more able people giving 2.5% of their yearly income to those who are less financially able. Performing Zakat is to re-distribute wealth from the rich to the poor so the rich can help those who are less fortunate than themselves.