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Zakaah

Last updated: 22nd September 2006
Question ID: #2506
Short URL: http://qa.muftisays.com/?2506
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sister in islam
22nd September 2006

 
Assalamu Alaikum,

i am trying to work out my zakaah and would like to know do i have to have had my money for at least a year or can i just give zakaah on all of my savings at the end of the lunar year even if i have not held it for a full year? can i give more in zakaah than i actually need to?

jazakallah for your help



Answer
Ulamaa
Ulamaa ID 09
Answer last updated on:
27th June 2007
Answered by:
Ulamaa ID 09
Location: Zambia
Bismillaah-ir-Rahmaan-ir-Raheem.

Wa 'Alaykum-us-Salaam wa Rahmatullaahi wa Barakaatuh.

1) The passing of a year is calculated according to the Islamic calendar from the time a person owns a zakaatable amount of money (nisaab). At the end of the year he will calculate the Zakaah of the total sum of the money he possesses. Once a person's savings have reached a zakaatable amount, any money that comes in his possession thereafter will simply be added to the initial sum. It makes no difference whether the wealth increases or decreases during the course of the year, neither is it necessary that every part of the wealth remains in ones possession for the whole year. He will thus give 2.5% of all the money he possesses at the end of the year, as Zakaah, whether or not a full year has passed on all of it. (Nurul-Iydhaah, Hidaayah, Badaa-i')

2) There is no harm in giving more Zakaah than is required of you.

And Allaah knows best.

Wassalaam.