I have had a bitter career which lots of job being lost but now I am in new job which has let me to ask myself what do I need to give in name of Allah, how much donation/charity or what I am eligible too? What is the threshold/minimum requirements for a Muslim to keep charity as I have heard that if your in loss, do business with Allah. Even after earning so much I tend to be unhappy and I believe due to my lack of knowledge for my contribution is the cause. So what is required of a Muslim to give in Allah way and what should be the minimum earning/saving?
The usually followed minimum threshold for a person is the value equivalent to 21 ounces of silver (612.36 grams). Your wealth comes from work earnings, which makes you obliged to pay 2.5% of of your net savings - ie, deducting the debt you owe. People usually pay during the month of Ramadan, but strictly speaking you need only pay it within one year of your wealth crossing the threshold.