Question
I have set aside $10,000. I paid Zakaat of 2.5%. Do I have to again pay Zakaat this year on this amount?
Answer
Yes, it is compulsory to pay Zakaat every year on the $10,000 as long as you have the cash.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 09
- PDF page
- 4
Appears under Questions and Answers (approximate).