Obligatory Almsgiving, known as Zakat in Islam, is a religious duty for Muslims to give a portion of their wealth to those in need. It is typically calculated as 2.5% of a person's savings and is intended to purify wealth and promote social welfare. This practice is one of the Five Pillars of Islam, emphasizing the importance of charity in a Muslim's life.
The funds collected through Zakat are used to support various causes, including helping the poor, funding education, and providing healthcare. By fulfilling this obligation, Muslims contribute to the well-being of their communities and foster a sense of solidarity and compassion among individuals.