Zakat is one of the five pillars of Islam. It is obligatory on all Muslims (men and women) who possess wealth at least equal to ‘Nisab. Nisab is the minimum amount of one’s holdings on which it must be paid. The Nisab is 2.85 ounces of gold (the approximate value of 2.85 oz. of gold is $4,900). Zakat is the most important act of lbadah after Salah. It purifies assets and creates virtue. Islamic Foundation accepts your Zakat and distributes to the needy according to Islamic Regulations. You can pay your Zakat online using this virtual fundraiser.