______________ is an Islamic finance term referring to the obligation that an individual has to donate a certain proportion of wealth each year to charitable causes.

Correct option is C

•   Zakat is an Islamic finance term that refers to the obligatory act of donating a certain proportion of one's wealth to charity.
•    It is one of the Five Pillars of Islam and is typically 2.5% of a Muslim's savings and investments, given annually to help those in need.
•   It also provides a means for Muslims to earn spiritual rewards and gain Allah's blessings.