Zakat, the giving of alms to the poor and needy, is one of the five pillars of Islam (the others are declaration of faith, prayer, fasting in Ramadan and Hajj). Itis obligatory upon every adult Muslim of sound mind and means.

In the time of leader 'Umar ibn 'Abdul 'Aziz, it is said that the zakat distributors travelled far and wide, but were unable to find anybody poor enough in the region to receive the zakat. This shows the true power of zakat: if everyone paid, and the funds were used wisely to change the root causes of poverty, global hunger and destitution could be ended. Being a student you are required to determine the assets on which zakat is calculated and measures to determine Nisaab with a numerical example of any company or organization.