Question
Please explain how is Zakaat calculated. For example, a man had R20,000 last year. After 12 months he still has this amount. However, during the course of the year he received more money, but 12 months have not yet passed on the extra earnings. He now has R30,000. Does he pay Zakaat on only the R20,000?
Answer
A man who had R20,000 last year in Ramadhaan is called Saahib-e-Nisaab. That is, Zakaat will be payable on all his wealth after 12 months which will be the current Ramadhaan. Any additional money which he receives during the course of the 12 months must be added to the R20,000, and Zakaat will be paid on the total regardless of 12 months not having passed on the amounts received during the course of the year. However, there is no Zakaat on the amounts spent during the year. Zakaat will be paid on the total cash balance. In your example, he will pay Zakaat on R30,000.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 25 No 11
- PDF page
- 4
Verbatim verified against the source PDF
Appears under DHUHA SALAAT. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.