Assalamualaikum wa rehmatullahi wa barkatuhu.
My zakat due date is in Feb. But this year either in Aug/Oct I might have to use my savings partially or completely.so in this case what should be done. Should I pay my zakat now or should I delay it till late and pay on whatever amount I am left with.
Wa’alaykum as Salam wa rahmatullahi wa barakatuhu,
The due date of Zakah is based on the Islamic / Hijri (lunar) calendar. After a full lunar year passes since a person first became the owner of ‘Zakatable’ assets (such as money, gold, silver, merchandise, etc.) which are equivalent to or more than the Nisaab (value of 612.35 grams of silver), and (on the same date in the following year) this person has equivalent or more than the Nisaab, he will have to discharge Zakah on that wealth. This is irrespective of how his wealth fluctuates during the course of the year. Whether the wealth becomes less or more, we will look at the amount which has person owns on the due date. Zakah will be compulsory on that amount which is in a persons possession on the due date. Future expenses cannot be deducted.
As a first step, determine on which Islamic date Zakah is binding on you. There are some websites that convert Gregorian dates to lunar dates, and you may use these to figure out on exactly on which date you have to discharge your Zakah. Then see how much you have on that day, and give 2.5 % on that full amount. Even if you are certain that you will have to use this full amount after a few months, you should still discharge the Zakah happily. Allah will put Barakah (blessings) in your wealth.
يَمۡحَقُ ٱللَّهُ ٱلرِّبَوٰاْ وَيُرۡبِى ٱلصَّدَقَـٰتِ
“Allah will deprive usury of all its blessings (barakah), and He will cause charitable deeds to flourish.” (Surah Baqara Verse 276)
And Allaah Ta’aala knows best
Ismail Moosa (Mufti)