Fatwa #1021423 April 2004United States of America

Zakat Calculation...Suppose the Nisab amount for Zakat is $1000.00. It stayed with me for the whole year. Just a month ago I received another $2000.00.

Question

Suppose the Nisab amount for Zakat is $1000.00. It stayed with me for the whole year. Just a month ago I received another $2000.00. Now my net wealth is $3000.00. Today while calculating Zakat, should I take out Zakat only for $1000.00 on which 1 year passed, or should I take out Zakat for my net wealth $3000.00. Jazakumullah. Assalam-o-Alaikum!

Answer

If you obtained the surplus $2000 after one year passed over the $1000, then you do not have to give Zakat on the $2000

However, if you obtained the $2000 before one year passed over the $1000 then you have to give Zakaat on the full $3000

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

#109531. I have given Qarde Hasana. Is Zakat of this Qard is wajib on me. 2. I have balance in bank. For zakat shall I include the salary I just received?
#16800My question is about how to calculate the zakat for earning and savings in the bank?how much money should i have had received before i am entitled to pay zakat for both
#15409I am a salaried person, how will I calculate the total amount of money at the end of the year because of eg. if I get some money in the eleventh month or even 6th month it is difficult to keep track monthly
#18897Allhamdolliah and salawat and salam to RasoolAllah sallallho alihe wassalam. Through the tofeeq of Allah and guidance of Ullama I reached the position to calculate the final amount of Zakat. Now is the worry to decide the right person for it to consume. I tried a lot on the website but didn’t get similar answer. Can you please explain
#19019Can we give Zakat on gold ,even that we are having it a period of less than 4 months ? Or else can we calculate it like total Zakat/3 ....please correct us if we are wrong?
#14622Say the nisab of zakat is $1000, and My wife has gold (which she doesn't wear) equal to $500 (throughout the year). She also have some land inheritade from her father, which has not been distributed yet and therefore it's not clear how many meters is her part.
#172051) I had a appartment worth 150,000/- Euros(sold already now) on which I had mortgage amount remaining of 75,000/- Euros..... 2) I have 150,000/- Euros in my bank account for last 8 months, but I had more than Nisaab
#68651) Suppose I earn $30000/yr, is Zakaat applied on the total amount or after deducting monthly rent, car payment, tax and utilities.

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