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Fatwa #194019 January 2001Zimbabwe

Does one have to be in possession of wealth for twelve months for that wealth to be liable for zakaat?

Question

If i take out my zakaat on the first of ramadhaan and in year one i have $10 000. In year two i have $20 000 on the first of ramadhaan. The additional $10 000 came into my possession 15 Shabaan. Do i pay zakaat on $10 000 or $20 000? Salaams

Answer

Zakaat must be paid on $20 000. (Nurul Idhaah pg.154)

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.
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Does one have to be in possession of wealth for twelve months for that wealth to be liable for zakaat? | Fatwa Explorer