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
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