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Zakaah On Wealth Earned During The Year - Islam for Muslims - Nairaland

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Zakaah On Wealth Earned During The Year by Rashduct4luv(m): 10:42am On Mar 27, 2021
Question
How should Zakat be calculated? When the wealth reaches the nisaab (the amount that determines whether Zakat is obligatory)? Or when a full year turns on it? If the amount I have when a nisaab completed was 10.000, but became 50.000 with the end of the year. On which amount shall I calculate the Zakat of wealth?.

Answer
Praise be to Allah.

Firstly:
In order for zakaah to be due on money, two conditions must be met:

1 – That it reaches the nisaab (minimum threshold)

2 – That one year has passed since it reaches the nisaab.

If the money is less than the nisaab, then no zakaah is due on it.

If it reaches the nisaab, and one year has passed, i.e. a lunar (hijri) year has passed since the time when it reached the nisaab, then zakaah becomes due at that point.

The nisaab is the equivalent of 85 grams of gold or 595 grams of silver ( =N1,794,000 as at 12th Sha’ban 1442H /26th March 2021)

The rate that must be paid for zakaah is one quarter of one tenth (2.5%).

Secondly:
If the money reaches the nisaab and it is 1000 for example, then at the end of the year it is 5000, how should zakaah be paid?

That depends:

1 – If this extra amount stems directly from the original amount, such as if the thousand was invested, and earned four thousand, then you should pay zakaah on the entire amount at the end of the year, because the profit on money is connected to the capital.

2 – If this extra amount did not stem directly from the original amount, rather it is money that was acquired by different means, such as an inheritance or a gift, or it is the price of something that you sold, and so on, then a separate year should be counted for it, starting from the day when you took possession of this extra amount. But if you want to pay its zakaah with the thousand, in advance, there is nothing wrong with that.

3 – This extra amount may come gradually, such as money that a person saves from his salary, so he saves 500 one month, and 1000 another month, until at the end of the year he has collected 4000. So you have the choice of paying the whole amount when one year has passed for the thousand, in which case you will have paid zakaah in advance for the money for which a year has not yet passed, or you can pay the zakaah for each sum separately when its year has passed, but this entails some kind of hardship, as you will be paying zakaah several times in one year.

And Allaah knows best.

Source:IslamQA

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Re: Zakaah On Wealth Earned During The Year by AntiChristian: 2:46pm On Mar 27, 2021
Whoever Allah has blessed make he pay hin Zakaah and give the poor/needy.

21 Likes

Re: Zakaah On Wealth Earned During The Year by Antoeni(m): 9:22am On Jun 04, 2021
The Islamic Position on Extra-Marital Affairs

Islam is very clear on the topic of extra-marital affairs, and considers it as one of the major sins. In The Qur’an in (Surah 17, al Isra,, verse 32), Allah says: Do not go near adultery, .surely it is an indecency, and an evil way [of fulfilling sexual urge]. (17:32) Fornication and adultery have severely been condemned in the hadiths of the Prophet (s). While describing the believers, the Qur’an says, “The believers are… those who protect their sexual organs except from their spouses… Therefore, whosoever seeks more beyond that [in sexual gratification], then they are the transgressors.” (23:5-6) Again Allah says, regarding His true believers: “Those who invoke not, with Allah, any other god, nor slay such life as Allah has made sacred except for just cause, nor commit fornication; – and any that does this deserves punishment.” [Sûrah al-Furqân: 68]

The Prophet (s) said: “The fornicator does not commit fornication while he is a believer” [Sahîh al-Bukhârî and Sahîh Muslim]

A young man once came to our Prophet (peace be upon him) and said: “O, Messenger of Allah give me a permission to commit fornication.”

The Companions were angry with the way that young man who dared to ask such a thing from the Prophet (peace be upon him), but the Prophet (peace be upon him) did not grow angry and immediately asked him: “Would you like a man to fornicate with your mother?”

The young man replied: “No.”

The Prophet (peace be upon him) said: “Hence other people do not like it for their mothers. Would you like it for your daughter?”

The man said: “No.”

The Prophet (peace be upon him) said: “Hence people do not like it for their daughters….” [Musnad Ahmad]

Moreover, those who engage in fornication and do not repent are the most maligned of people. Allah says: “The adulterer cannot marry any but an adulteress or an idolatress, and the adulteress, none mary her but an adulterer or an idolater; to the believers such a thing is forbidden” [Sûrah al-Nûr: 3]

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Re: Zakaah On Wealth Earned During The Year by akanbiaa(m): 9:22am On Jun 04, 2021
May Allah make it easy for Us. Amin

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Re: Zakaah On Wealth Earned During The Year by Deltavariant(m): 10:32am On Mar 18, 2022
I very much believe if we Muslims pay our zakkah duly(as Allah ordained in surah Taubah) and appropriately then the level of poverty and certain calamities bedeviling the Muslim ummah will be reduced.

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Re: Zakaah On Wealth Earned During The Year by Mightymanna(m): 11:01am On Mar 18, 2022
Alhamdullilahi for the gift of Islam.
We should always thank Allah for making us Muslims
Re: Zakaah On Wealth Earned During The Year by motayoayinde: 11:02am On Mar 18, 2022
Deltavariant:
I very much believe if we Muslims pay our zakkah duly(as Allah ordained in surah Taubah) and appropriately then the level of poverty and certain calamities bedeviling the Muslim ummah will be reduced.

VERY TRUE.

1 Like

Re: Zakaah On Wealth Earned During The Year by Sainttops(m): 12:49pm On Mar 18, 2022
Ma_Sha_Allah. May Allah bless us with what to pay Zakkat with.
Re: Zakaah On Wealth Earned During The Year by Coolgent(m): 5:46pm On Mar 18, 2022
Masha Allah
Re: Zakaah On Wealth Earned During The Year by Mgy07: 3:13pm On Mar 22, 2022
May Allah grant us Rahma in this world and in the hereafter

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