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Zakat or alms-giving is the practice of charitable giving by Muslims based on accumulated wealth, and is obligatory for all who are able to do so. It is considered to be a per â¦ sonal responsibility for Muslims to ease economic hardship for others and eliminate inequality.
As in previous years, the majority of that giving came from individuals. Giving by bequest dropped by 9% to $30.36 billion (8% of all donations). Foundations - which includes grants made by independent, community, and operating foundations - gave $59.28 billion (15% of all donations).