Question
I pay my Zakaat every year during the month of Zil Hijjah. A week before my due date I received a gold coin. Must I pay Zakaat on it or after 12 months?
Answer
Once you have a fixed month, then you have to pay Zakaat on whatever you receive even if it is one day before expiry on the twelfth month. Thus, in your case you have to pay Zakaat on the gold coin, etc. even if you did not have it for 12 months.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 07
- PDF page
- 24
Appears under INSURANCE CANNOT BECOME FALAAL (approximate).