Q: I am a recent revert and I would like to pay both the Zakat & Sadaqatul fitr this year. I am hearing many variations of what I should pay & how much I am required to pay.
I would appreciate if you can guide me in the right thing to do please & also can you please explain what Nisaab means please?
Wa Alaikum Assalaam,
A: Zakaat becomes compulsory on one’s savings when it has reached a nisaab and one year has passed over that nisaab/savings.
The Nisaab is the minimum amount of wealth (in savings) which a person must possess in order that zakat become compulsory upon him.At present, the nisaab is $2066.00 TT. This is based upon the value of 19.7 oz. of silver which is the nisaab for silver. As such, if you posess this amount and a year has passed over it, you will need to pay 2.5% of the savings in Zakat.The amount you will pay in zakat can be given directly to the poor and needy Muslims or can be given to a Masjid which will then distribute it to the poor and needy.
The calculated figure for Sadaqatul Fitr this year is $13.00 TT person. You must pay this on your behalf and behalf of those of your family members like a spouse, children or parents who are dependent upon you for their needs etc.
And Allah Knows best,
Mufti Waseem Khan.
This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.