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Is zakat & sadkhat compulsory for me if I earn up to 5000 AED & my wife has gold gifts?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
asalam alykum.thank you very much for providing this service.allh sucess this sight. I have a question regarding zakat and sadkhat.i am married and i am earning upto 5000aed.in that no money will remain at the end.my wife got so many gifts of gold so i want to know that is zakath compulsory now.and if compulsory how much should i pay.please tell me the percentage.and also tell me how much shoud i sadkhat.please reply me.thank you.allahfiz.salam alykum.

Answer

(Fatwa: 1257/1062=B -1429)

When, after all expenditures, you do not save wealth equal to nisab (the amount prescribed for zakah) at the year-end, then you are not asked to pay zakah. If a year had passed over the gold received by your wife as a gift, then it is essential for your wife to give zakah. The value of the gold and available cash etc should be calculated altogether then the fortieth part (i.e. 2.50%) of the total amount should be paid as 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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