Fatwa #988920 October 2003United Kingdom
I’m quiet confused here because I paid Zakat just once in my life and it was last year
Question
I?m quiet confused here because I paid Zakat just once in my life and it was last year, it was not because I was lazy but because I have never reached the Nissab before ? anyway to explain well my confusion I need to give you an example and you could answer me appropriately and quickly because I need to pay my Zakat now Let?s say the Nissab of the Zakat is $50 ?. And say also I usually pay my Zakat on Month12 (it?s not really December but it?s just an example). I got $50 in Month12 / 2001 In Month12 / 2002 (it?s one year now that I possess $50) I paid 2.5% of it ? Month01 / 2003 savings $10 Month02 / 2003 savings $10 Month03 / 2003 savings $10 Month04 / 2003 savings $10 Month05 / 2003 savings $10 Month06 / 2003 savings $10 Month07 / 2003 savings $10 Month08 / 2003 savings $10 Month09 / 2003 savings $10 Month10 / 2003 savings $10 Month11 / 2003 savings $10 Month12 / 2003 How much Zakat should I have to pay?? And could you please illustrate an example for me so I understand well how it works
Answer
In the year 2003, you have saved $120. You also have $50 of the previous year excluding $1.25
The total Zakaatabl;e amount is 2.5% on $120 (this year) + $48.75 (last year)
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
The total Zakaatabl;e amount is 2.5% on $120 (this year) + $48.75 (last year)
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai