Zakat is a form of almsgiving, often collected by the Muslim Ummah. It is considered in Islam as a religious obligation, and by Quranic ranking, is next after prayer in importance. As per Quran “Yet you shall duly establish the Prayer. And you shall give the Zakat-Charity, and there with lend God a most goodly loan. For whatever good you advance for your souls, you shall find its reward with God in the Hereafter; yet it shall be far better and much greater in reward (Sûrat Al-Muzzammil, 73:20).”