There are 2 main types of Zakat: Zakat ul Mal and Zakat ul Fitr. Zakat ul Mal means 'Zakat over one's wealth,' which is a small portion of wealth given to the poor for their financial needs. Zakat ul Fitr, also known as 'Fitrana,' is obligatory for all Muslims, with enough food for a day, irrespective of age or financial standing.