What is the condition of zakat?

Zakat is a form of almsgiving in Islam and is one of the Five Pillars of Islam. The main conditions for zakat include being a Muslim, having reached the age of maturity, possessing a minimum amount of wealth known as the nisab, and having held that wealth for a lunar year. Zakat is typically calculated as 2.5% of one's savings and assets that exceed the nisab threshold. It is obligatory for those who meet these conditions to give zakat to support those in need and promote social welfare.