AL-QURAN
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Quest for promoting truth, justice, morality, harmony, wisdom and PEACE for the whole of humankind 
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Al-Fathby Saud Al-Shuraim
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    وَإِذْ أَخَذْنَا مِيثَاقَ بَنِي إِسْرَائِيلَ لَا تَعْبُدُونَ إِلَّا اللَّهَ وَبِالْوَالِدَيْنِ إِحْسَانًا وَذِي الْقُرْبَىٰ وَالْيَتَامَىٰ وَالْمَسَاكِينِ وَقُولُوا لِلنَّاسِ حُسْنًا وَأَقِيمُوا الصَّلَاةَ وَآتُوا الزَّكَاةَ ثُمَّ تَوَلَّيْتُمْ إِلَّا قَلِيلًا مِنْكُمْ وَأَنْتُمْ مُعْرِضُونَ
    Remember, when We made a covenant with the people of Israel and said: "Worship no one but God, and be good to your parents and your kin, and to orphans and the needy, and speak of goodness to men; observe your devotional obligations, and give zakat (the due share of your wealth for the welfare of others)," you went back (on your word), except only a few, and paid no heed.

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    Vomu.org

    The financial obligation upon Muslims.

    An important principle of Islam is that everything belongs to God, and that wealth is therefore held by human beings in trust. The word zakah means  both “purification” and “growth.” Our possessions are purified by setting aside a proportion for those in need and for the society in general. Like the pruning of plants, this cutting back balances and encourages new growth.

    Each Muslim calculates his or her own zakah individually. This involves the annual payment of a fortieth of one’s capital, excluding such items as primary residence, car and professional tools.

    An individual may also give as much as he or she pleases as sadaqa-h,  and does so preferably in secret. Although this word can be translated as “voluntary charity” it has a wider meaning.
    The Prophet said, “Even meeting your brother with a cheerful face is an act of charity.” The Prophet also said: “Charity is a necessity for every Muslim.” He was asked: “What if a person has nothing?” The Prophet  replied: “He should work with his own hands for his benefit and then give something out of such earnings in charity.” The Companions of the Prophet asked: “What if he is not able to work?” The Prophet said: “He should help the poor and needy.” The Companions further asked: “What if he cannot do even that?” The Prophet said: “He should urge others to do good.” The Companions said: “What if he lacks that also?” The Prophet said: “He should check himself from doing evil. That is also an act of charity.”            source: Islam101.

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