Zakat as a two fold meaning, “growth” and “purification”. Purification in the sense that our wealth is purified when we give 2.5% to the causes that are justified in the Quran. It is like when plants and other vegetation is pruned and set aside it allows a new chance for growth and even encourages new growth. So in a sense when we give our zakat we are not actually losing anything like some might think. We are actually opening the doors for new growth by the will of Allah all mighty.
We are all encourage to do our best to pay zakat if we are able and it is also one of the fiver pillars of Islam.
Zakat should be payed once every lunar year and you should always consult a scholar while checking your obligation to pay your zakat. You should always consult a scholar in regards to calculating your zakat to make sure you are paying the correct amount.
It’s not just about money, Muslims also believe in good deeds and a Muslim should perform one everyday. So, a purifying tax or Zakat must be paid, as charity to help the poorer members of the Muslim community. Muslims believe that all wealth and gain are worldly charms and that everything comes from God. As such, it is their moral and religious obligation to help those less fortunate and to take care of the poor