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Money On Which Zakat Is Obligatory - Islam - Nairaland

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Money On Which Zakat Is Obligatory by AbuAbdirrahmaan(op): 12:16pm On Mar 13, 2025
Many people give their Zakat in Ramadaan to maximize their rewards. Here’s a guide on what types of wealth require Zakat (note, this is for zakat from the 5 pillars of Islam and nit zakatul fitr):

📌 Four Categories of Zakatable Wealth:
1️⃣ Crops & Fruits 🌾
Zakat is due on grains and fruits that are stored & consumed.
Rate:
- 10% if watered naturally (rain, rivers).
- 5% if irrigated using machines or effort.

2️⃣ Livestock (Camels, Cows, Sheep) 🐪🐄🐏
- Zakat applies only if they graze freely for most of the year.
- No zakat on animals that are fed manually unless they are for trade.

3️⃣ Gold, Silver, & Cash 💰
Modern money (naira, dollars, pounds, riyals, etc.) is included.
Nisab (minimum threshold):
- Silver standard: Equivalent of 612.36 grams of silver in your currency (₦1,103,258) to get nisaab
- Gold standard: Equivalent of 87.48 grams of gold in your currency (₦12,147,360.00) to get nisaab

Zakat Formula:
Total amount above nisaab (held for at least 1 hijri year) ÷ 40 = Zakat amount (2.5%)
- Example: ₦13,951,202 ÷ 40 = ₦348,780 Zakat to pay
- Example: ₦1,103,258 ÷ 40 = ₦27,581 Zakat to pay

4️⃣ Trade Goods 🛒
Zakat applies to business inventory (goods bought for sale).
- Rate: 2.5% of their market value at year-end.
- No Zakat on store assets like buildings, shelves, and tools.

🤲 May Allah grant us understanding in Zakat, bless our wealth, and purify us through giving. Aameen!

💬 Do you calculate Zakat using the silver or gold standard? Share your thoughts!

Re: Money On Which Zakat Is Obligatory by olabrad: 1:09pm On Mar 14, 2025
Eating breakfast at 4am to 6 am means you have broken your fast.

So, you Muslims break your fast before you start fasting grin

What a joke
Re: Money On Which Zakat Is Obligatory by ALISMILE(m): 1:10pm On Mar 14, 2025
The beauty of the Muslim zakat is that one is not under any obligation to give his zakat to any imam

Every year I give my zakat to struggling family members

I hope this isn’t mislplaced
Re: Money On Which Zakat Is Obligatory by Sulaizio1: 1:25pm On Mar 14, 2025
What is your obsession with Islam, Why not face your religion and let us face ours, must u comment on every islamic post

olabrad:
Eating breakfast at 4am to 6 am means you have broken your fast.

So, you Muslims break your fast before you start fasting grin

What a joke
Re: Money On Which Zakat Is Obligatory by Hamzaay(m): 1:27pm On Mar 14, 2025
Islam explains everything to the later. Not like those we see their banners in everywhere corner of Nigeria advertising their businesses.
Re: Money On Which Zakat Is Obligatory by Mightymanna(m): 1:30pm On Mar 14, 2025
olabrad:
Eating breakfast at 4am to 6 am means you have broken your fast.

So, you Muslims break your fast before you start fasting grin

What a joke
you will die being jealous of the Muslims, Guidance comes from God alone and Muslims are guided all you can do is hate but you see Islam ba? It will enter every household on earth.


Allah Subhanahu Wa Ta'ala says:
رُبَمَا يَوَدُّ الَّذِيْنَ كَفَرُوْا لَوْ كَا نُوْا مُسْلِمِيْنَ
"Perhaps those who disbelieve will wish that they had been Muslims."
(QS. Al-Hijr 15: Verse 2)
Re: Money On Which Zakat Is Obligatory by Walexz02(m): 1:35pm On Mar 14, 2025
MashaAllah
Re: Money On Which Zakat Is Obligatory by pillager: 2:05pm On Mar 14, 2025
olabrad:
Eating breakfast at 4am to 6 am means you have broken your fast.

So, you Muslims break your fast before you start fasting grin

What a joke
What kind of logic is this?
Are you retarded?
Re: Money On Which Zakat Is Obligatory by Squere(m): 3:12pm On Mar 14, 2025
ALISMILE:
The beauty of the Muslim zakat is that one is not under any obligation to give his zakat to any imam

Every year I give my zakat to struggling family members

I hope this isn’t mislplaced
Sincerely I'm struggling badly. I need zakat pls.
Dan Allah 🙏
Re: Money On Which Zakat Is Obligatory by vertueptime: 4:27pm On Mar 14, 2025
Yes but u also have to deduct Ur obligations and debts before arriving at the final figure


AbuAbdirrahmaan:
Many people give their Zakat in Ramadaan to maximize their rewards. Here’s a guide on what types of wealth require Zakat (note, this is for zakat from the 5 pillars of Islam and nit zakatul fitr):

📌 Four Categories of Zakatable Wealth:
1️⃣ Crops & Fruits 🌾
Zakat is due on grains and fruits that are stored & consumed.
Rate:
- 10% if watered naturally (rain, rivers).
- 5% if irrigated using machines or effort.

2️⃣ Livestock (Camels, Cows, Sheep) 🐪🐄🐏
- Zakat applies only if they graze freely for most of the year.
- No zakat on animals that are fed manually unless they are for trade.

3️⃣ Gold, Silver, & Cash 💰
Modern money (naira, dollars, pounds, riyals, etc.) is included.
Nisab (minimum threshold):
- Silver standard: Equivalent of 612.36 grams of silver in your currency (₦1,103,258) to get nisaab
- Gold standard: Equivalent of 87.48 grams of gold in your currency (₦12,147,360.00) to get nisaab

Zakat Formula:
Total amount above nisaab (held for at least 1 hijri year) ÷ 40 = Zakat amount (2.5%)
- Example: ₦13,951,202 ÷ 40 = ₦348,780 Zakat to pay
- Example: ₦1,103,258 ÷ 40 = ₦27,581 Zakat to pay

4️⃣ Trade Goods 🛒
Zakat applies to business inventory (goods bought for sale).
- Rate: 2.5% of their market value at year-end.
- No Zakat on store assets like buildings, shelves, and tools.

🤲 May Allah grant us understanding in Zakat, bless our wealth, and purify us through giving. Aameen!

💬 Do you calculate Zakat using the silver or gold standard? Share your thoughts!
Re: Money On Which Zakat Is Obligatory by lapazi(m): 5:11pm On Mar 14, 2025
vertueptime:
Yes but u also have to deduct Ur obligations and debts before arriving at the final figure
What if the debt is more than the money at hand, does that mean no zakat?
Re: Money On Which Zakat Is Obligatory by FuckTheMod: 8:57pm On Mar 14, 2025
olabrad:
Eating breakfast at 4am to 6 am means you have broken your fast.

So, you Muslims break your fast before you start fasting grin

What a joke
OPONU ALAGBAKO
So because you wanted to post this, you had to say yes to this:
"I believe that there no god/God but Allah."
"I believe that Muhammad is God's Holy Prophet."
"I believe that Islam is the Only True Religion."
"lā ʾilāha ʾillā-llāh, muhammadun rasūlu-llāh." ?

Ayaẹ ti bajẹ
Re: Money On Which Zakat Is Obligatory by olabrad: 11:09am On Mar 16, 2025
FuckTheMod:
OPONU ALAGBAKO
So because you wanted to post this, you had to say yes to this:
"I believe that there no god/God but Allah."
"I believe that Muhammad is God's Holy Prophet."
"I believe that Islam is the Only True Religion."
"lā ʾilāha ʾillā-llāh, muhammadun rasūlu-llāh." ?

Ayaẹ ti bajẹ
Because saying yes to your nonsense declaration is nothing.

You idiots just gather your heads to deceive yourselves. grin

Stupid idiots break fast by 5 to 6am before fasting. grin grin

What manner of empty fasting is that?! grin grin grin
Re: Money On Which Zakat Is Obligatory by olabrad: 11:22am On Mar 16, 2025
pillager:
What kind of logic is this?
Are you retarded?
You are the retarded idiot, boy!

Do you know why first meal of the day is called breakfast? Because, it cancels fasting. Break Fast!.

So, anyone who eats breakfast has broken his fast already.

You Muslims are deceiving yourselves saying u are fasting.

So, ask yourself where is the logic in your meaningless fasting? grin grin
Re: Money On Which Zakat Is Obligatory by olabrad: 11:25am On Mar 16, 2025
Mightymanna:
you will die being jealous of the Muslims, Guidance comes from God alone and Muslims are guided all you can do is hate but you see Islam ba? It will enter every household on earth.


Allah Subhanahu Wa Ta'ala says:
رُبَمَا يَوَدُّ الَّذِيْنَ كَفَرُوْا لَوْ كَا نُوْا مُسْلِمِيْنَ
"Perhaps those who disbelieve will wish that they had been Muslims."
(QS. Al-Hijr 15: Verse 2)
Why will I want to be a Muslim? Do that I can eat breakfast and dinner and then deceive myself that I'm fasting?! grin

Anyone with common sense will run away from Islam.

It is better to be a traditionalist than be a Muslim.

Show me the common sense in eating breakfast and then lying to yourself that you are fasting. grin grin
Re: Money On Which Zakat Is Obligatory by olabrad: 11:29am On Mar 16, 2025
Sulaizio1:
What is your obsession with Islam, Why not face your religion and let us face ours, must u comment on every islamic post
Your allah says u should attack non-Mslms. So, of non-Muslims decide to attack you, you shouldn't cry.

Islam is evil
Re: Money On Which Zakat Is Obligatory by FuckTheMod: 3:56pm On Mar 16, 2025
olabrad:
Because saying yes to your nonsense declaration is nothing.

You idiots just gather your heads to deceive yourselves. grin

Stupid idiots break fast by 5 to 6am before fasting. grin grin

What manner of empty fasting is that?! grin grin grin
It's nothing until woe betides you and your generations forever.
This is how you bring doom and destruction to you miserable life. Later you'll start blaming village People, not knowing it's generational curses that you brought upon yourself.
Re: Money On Which Zakat Is Obligatory by vertueptime: 7:29pm On Mar 16, 2025
Then Ur not to give zakkat untill u settle Ur debt.

lapazi:
What if the debt is more than the money at hand, does that mean no zakat?
Re: Money On Which Zakat Is Obligatory by olabrad: 3:24pm On Mar 17, 2025
FuckTheMod:
It's nothing until woe betides you and your generations forever.
This is how you bring doom and destruction to you miserable life. Later you'll start blaming village People, not knowing it's generational curses that you brought upon yourself.
Oga, Islam is empty. No woe will betide anybody
Stop using fake fear to scare anybody.

Ur allah is a pagan Idol worshiped by pagans in Mecca long before Islam started.

Islam is idol worshipping of arab people. Arabs have been serving allah as an idol before Islam started.

Your religion is fake and empty. There is no doom anywhere. Stop fooling yourself, Arab slave cheesy
Re: Money On Which Zakat Is Obligatory by FuckTheMod: 7:13pm On Mar 17, 2025
olabrad:
Oga, Islam is empty. No woe will betide anybody
Stop using fake fear to scare anybody.

Ur allah is a pagan Idol worshiped by pagans in Mecca long before Islam started.

Islam is idol worshipping of arab people. Arabs have been serving allah as an idol before Islam started.

Your religion is fake and empty. There is no doom anywhere. Stop fooling yourself, Arab slave cheesy
Oponu
Your life is empty
You're either a ritualist idol worshipper or a man-worshipper (Christian), anywhich way, YOU'RE DOOMED.
Re: Money On Which Zakat Is Obligatory by olabrad: 9:35pm On Mar 17, 2025
FuckTheMod:
Oponu
Your life is empty
You're either a ritualist idol worshipper or a man-worshipper (Christian), anywhich way, YOU'RE DOOMED.
Lolz.

Islam is paganism. I challenge you to read about Islam in pre-islamic Arab.

If you use your brain well, you will notice that many of the things you do in Islam originate from Arab paganism.

For example, pagan Arabs were doing hajj and Umrah before Islam started.

Pagan Arabs were kissing stone before Islam started.

So, Islam is a true picture of paganism and you Muslims are pagans.

Islam is a cult hiding under the covers of . religion. That's why you kill anyone who leaves Islm.
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