I recently heared that Zakaat is to be paid for the stored money only once, if any money is added to the stored sum then Zakat is paid for the amount added and not for the amount for which Zakaat was paid last year. Actually I have been always paying Zakaat for my total stored money yearly and I don’t know whether the idea I heared is correct. For example: if I had $ 1000 last year and payed $ 25 last year as Zakaat, and suppose the money became now $ 2000, shall I now pay $ 25 for the amount added or shall I pay $ 50 for the total ? Jazakumullahu Khayran
The recently heared information is incorrect. Zakaat payable on $2000- $1000
of last year and $1000 added amount is $50, not $25.
And Allah Ta’ala knows best
Mufti E. Desai