What is the minimum percentage of Zakat payable on eligible wealth?

Explanation

– Zakat is the obligatory almsgiving in Islam, requiring eligible Muslims to pay 2.5% of their qualifying wealth annually to specified categories of recipients.
– It purifies wealth and redistributes resources to the needy within the Muslim community.
– For exams, note that Zakat became obligatory in 2 AH, and its recipients are detailed in Surah At-Tawbah, verse 60.