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How should I calculate zakat according to Islamic teachings?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
If I give (pay ) zakat (2.5 % of my earnings) every month, should I pay another 2.5% of my saving after one year also.

Answer

(Fatwa: 1772/1482=B/1429)

After passing a year, if you have already paid the 2.5% of your total wealth during the 12 months then there is no need to give more in the name of Zakah.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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