Zakaat on wealth not held for an entire year
Question
Q. Zakaat has been due to me in Ramadaan. I have been giving Zakaat on R 20 000.One month ago i have recieved R10 000. How much should I pay this year in Ramadaan.
Answer
If you already possess the Nisaab amount, the amount you receive during the year will be added to your wealth subject to Zakaat even though one complete year has not yet passed on the recently received funds. Therefore, if you possessed R20 000 from last Ramadaan and you now received another R10 000 and you have this amount in your possession on the due date of Zakaat, you will pay Zakaat on R30 000. (Tabyinul Haqa’iq, Vol: 1, Pg: 272)
And Allah Knows Best
- Answered by
- Mufti Suhail Tarmahomed
Where scholars differ, it’s safer to take the more cautious view.
Fatawa SA is an independent, read-only index of fatawa already published by Jamiatul Ulama KZN. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue
For corrections or mistakes, please email us at fatawasa786@gmail.com.
Source: Jamiatul Ulama KZN — https://jamiat.org.za/zakaat-on-wealth-not-held-for-an-entire-year/
Fatawa SA: https://fatawa.co.za/fatwa/jamiat-11370
People also ask
How is the zakaat date worked out?
“Zakaat must be calculated according to the lunar calendar and not the Gregorian calendar. Therefore, there should be a particular Islamic date every year on which Zakaat is calculated. If Zakaat is calculated according to the…”
Azaadville · 90 fatawa from 7 Darul Iftas on this
What the Darul Iftas say