Al zakat in islam

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Explain everything about Alzakat in Islam. It’s one of the five pillars In Islam.  It means giving a hand to the poor people.

This is the deification of it: is the practice of taxation and redistribution, imposed upon Muslims on their income and wealth.[2][3] It is a form of obligatory alms giving, and the collected amount is paid to poor Muslims, to zakat collectors, to new converts to Islam, as income to its clergy, and others.[4][5][6]

Zakat is mandatory for all Muslims, on their income and wealth above a minimum amount called nisab.