Allah Ta'aala says in the Qur'aan, "Allah destroys wealth obtained from interest and will give increase for deed of charity." (Surah Baqarah:276)
1. Rasulullah has said, "The nation that does not give Zakaat, Allah will bring about a drought on them (i.e. necessities of life, will become scarce.)"
2. "The persons on whom Allah has bestowed wealth, and he does not give Zakaat, on the Day of Qiyaamah, his wealth will be turned into a venomous bald serpent which will wind around his neck and bite his jaws and say, "I am your wealth, I am your treasure." (Bukhari)
It is stated in the Hadith that by giving Zakaat the following benefits are derived::
1. Gaining of the pleasure of Allah;
2. Increase in wealth;
3. Protection from losses;
4. A cause thus established for Allah's forgiveness and blessings are obtained; 5. Safety from calamities;
6. Protection from the wrath of Allah and from a bad death;
7. The Zakaat will provide a shelter on the Day of Judgement;
8. Security from seventy misfortunes;
9. It will serve as a shield from the fires of Jahannam;
10. It contributes to Barkat in wealth;
11. It saves from fear and grief.
• There are two major benefits of giving Zakaat:::
1. It keeps one away from sin and saves the giver from moral ill arising from the love and greed for weatlh;
2. Through Zakaat the poorer class (those, who are not capable of providing for themselves) are being cared for, such as widows. orphans, the disabled, the poor and the destitute.
THE PUNISHMENT ::
The punishment for not giving Zakaat::
It starts from here, the Zakaat itself takes it self out of your wealth. By fire accident, accident, lost etc
Allah Ta'aala says in the Qur'aan, "And there are those who hoard gold and silver and do not spend it in the way of Allah, announce to them a most grievous penalty (when) on the Day of Qiyaamah heat will be produced out of that wealth in the fire of Jahannam, then with ii they will be branded on their foreheads and their flanks and backs. (It will be said to them) This is the treasure which you hoarded for yourselves, taste then the treasure that you had been hoarding." (Surah Taubah:34)
ON WHOM ZAKAAT IS FARZ:::
Zakaat is Farz upon a person if::::
1. He is a Muslim;
2. He is an adult;
3. He is a sane person;
4. He is a free person;
5. He owns wealth intended for trading to the value of Nisaab.
Furthermore the wealth should be:
1. Fully owned by him;
2. In excess of his personal needs (clothing, household furniture, utensils and cars etc. are termed as articles of personal use),
3. It should be possessed by him for a complete lunar year;
d. Of a productive nature from which he can derive profit or benefit such as merchandise for business, gold, silver, livestock, etc.
There is no Zakaat on effects that are not of a productive nature even if these are in excess of one's needs, such as cars, utensils, furniture etc. If such items are not intended for trade.
Zakaat is Farz. Any person who denies it being Farz (compulsory) loses his Imaan. However if he recognizes Zakaat being Farz but neglects this duty he will be termed a Faasiq (Transgressor).