Hey! Friends Soon Holy month of Ramadan is going to start, As I am studying Social Entrepreneurship at Tallinn University, I would like to share an interesting fact about charity in Islam know as ‘’ZAKAT’’ which is related to my subject this charity is mandatory for every Muslim to give in Holy month of Ramadan. Zakat, "that which purifies", also Zakat al-mal, "Zakat on wealth", or Zakah is a form of alms-giving treated in Islam as a religious obligation or tax, which, by Quranic ranking, is next after prayer (salat) in importance. As one of the ‘’Five Pillars of Islam ’’ , zakat is a religious duty for all Muslims who meet the necessary criteria of wealth. It is considered to be a tax. The payment and disputes on zakat have played a major role in the history of Islam. Zakat is based on the value of all of one's possessions. It is customarily 2.5% of a Muslim's total savings and wealth above a minimum amount known as ‘’Nisab’’. The Nisab is the minimum amount of wealth a Muslim must possess before they become eligible to pay Zakat. This amount is often referred to as the Nisab threshold. Gold and silver are the two values used to calculate the Nisab threshold. The Nisab is the value of 87.48 grams of gold or 612.36 grams of silver. According to the Holy book Quran, the collected amount should be paid to the poor and the needy, Zakat collectors, those recently converted to Islam, those to be freed from slavery, those in debt, in the cause of Allah and to benefit the stranded traveler.