What is Zakat?

Zakat As Defined By
The Holy Quran

According to the Holy Quran:

Zakat is for the poor and the needy; and those who collect them; for those whose hearts have been (recently) reconciled; and to free the captives and the debtors; and for the cause of Allah and for the wayfarer; a duty ordained by Allah; and verily Allah is All Knowing, All Wise.

Surah At-Tawba, Verse 60

The definition of zakat is that it is:

Transferring ownership of an amount of material wealth specified by the Lawgiver to a poor Muslim who is not Hashimi nor their client, without material benefit returning to the giver in any way, for the sake of Allah Most High.

Tumurtashi, Tanwir al-Absar