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Do I need to pay Zakat every year if my savings don’t increase or decrease?

Answered according to Hanafi Fiqh by Askimam.org

 i have 20 thousand Dollars since 3 years and once i paid the zakat in last year do i need to pay every years becuase my 20 thousand not increased and decreased its fix and once i paid its zakat. do i need to every year pay.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Yes, you have to pay Zakat every year on this $20,000. It does not matter that it has not increased. 

This, as long as your wealth (assets on which Zakat is applicable after subtracting debts) reaches the amount of nisab (612.35 grams of silver or any currency that equals this amount) on the day you calculate Zakat and you have had this wealth for one lunar year.

Note that since Zakat is obligatory on you, any amount you receive even a day before your annual Zakat date will also be added to your total wealth and Zakat given on it. It does not matter that you did not have this amount for a year because as long as a person possesses the nisab at the beginning and at the end of the year, Zakat will be due on the total amount of his wealth at the end of the year. 

For example, if you have $20,000 and you receive a gift of $5,000 one day before your Zakat is due, you will have to give Zakat on $25,000.

Likewise, any wealth that leaves your ownership even a day before your annual Zakat date will be subtracted from your total wealth and will not be included in your wealth for calculating Zakat. 

For example, you have $20,000 and purchased furniture for your home with $5,000 one day before your Zakat is due, you will only pay Zakat on $15,000. [i][ii][iii][iv]

Mufti Sohail ibn Arif,
Assistant Mufti, Darul Iftaa
Chicago, USA

Checked and Approved by,
Mufti Ebrahim Desai.

 

وشرط وجوب أدائها حولان الحول على النصاب الأصلي وأما المستفاد في أثناء الحول فيضم إلى مجانسه  [i]

ويزكي بتمام الحول الأصلي

قوله: “حولان الحول” وهو في ملكه أي وثمنية المال كالدراهم والدنانير أو السوم أو نية التجارة في العروض

حاشية الطحطاوي على مراقي الفلاح، ١/ ٧١٤ – ٧١٥ 

والمستفاد) ولو بهبة أو إرث (وسط الحول يضم إلى نصاب من جنسه) فيزكيه بحول الأصل) [ii]

قوله إلى نصاب….فإن وجد منه شيئا قبل الحول ولو بيوم ضمه وزكى الكل 

رد المحتار، ٢/ ٢٨٨ 

ويضم الذهب إلى الفضة) عندنا للمجانسة من حيث الثمنية، فإذا كان ما هو أبعد في المجانسة علة وهو) [iii]

العروض فلأن يكون في الأقرب أولى. وقوله (ومن هذا الوجه صار سببا) أي من حيث الثمنية صار كل واحد من الذهب والفضة سببا لوجوب الزكاة، فكان هذا الوجه مشتركا بينهما فيوجب الضم

العناية شرح الهداية، ٢/ ٢٢٢

فتاوى عثماني ٢/ ٥٩ – ٦٠ و ٦٢ – ٦٣ مكتبة معارف القران كراتشي [iv]

 

 

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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