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Question: ASAK, I want to know how should I calculate the Zakaah, Last year year my earnings were let assume my bank balance is $10,000 and lets say i paid the Zakaah for it. This year my bank balance is $20,000. How much Zakaah should i pay. Is it for additional $10000 that i earned after paying the last year Zakaah? or Is it for net $20000? Please educate. Wassalaam  

Answered according to Hanafi Fiqh by Mahmoodiyah

Question:

ASAK,
I want to know how should I calculate the Zakaah,
Last year year my earnings were let assume my bank balance is $10,000 and lets say i paid the Zakaah for it. This year my bank balance is $20,000. How much Zakaah should i pay. Is it for additional $10000 that i earned after paying the last year Zakaah? or Is it for net $20000?

Please educate.
Wassalaam

 



Answer:

Zakaat will be Fardh on all the money in your possession, e.g. bank balance at the end of your Zakaat year, whether was paid on it previously or not.  Therefore the total amount of $20 000 will be liable for Zakaat and not only $10 000.

 And Allah Ta’ala knows best,

 Qasim bin Hashim Limbada

Attested to as correct by:

Mufti Muhammad Ashraf

Darul Iftaa

Jameah Mahmoodiyah

Springs

16 December 2003

22 Shawwal 1424

This answer was collected in 2012 from the website of Jameah Mahmoodiyah, South Africa. The original website no longer exists.

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