Lending of something means that someone gives his own property to another person so that he may make use of it, and in exchange, one gets nothing back; for example, a person gives his bike to another person, so that the person may go to his house and return.
Giving a loan is one of the Mustahab acts that has been highly emphasized in the Qur'an and Ahadith, and on the Day of Judgement, the one who had given a loan, will be highly rewarded.
There are eight ways in which the Zakat can be disposed of; and one can dispose of one’s Zakat in all or some of these ways. The following are some of the examples of these places:
One of the economic responsibilities of the Muslims is to pay the Khums; which means that on certain items, 1/5 or 20% (of the value of that item) must be paid to a Mujtahid, which will be used for specific purposes.
The items that can be given as ZakatulFitrah are things such as wheat, barely, dates, raisins, rice, corn and other things such as these; and if one gives the value of these things in cash, it too will be sufficient.
For oneself and those who are one’s dependents; such as one’s spouse and children, one must give one Saa’ per person, which is approximately three kilograms (as Zakat).