Calculating zakaat

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I earn a salary upto 40,000 rupees per month. Sometimes I save the complete salary and sometimes I give part of my salary (20,000 to 30,000) to my family for their shop. Currently I have 60,000 rupees in the bank and I have been working since last year, is zakaat waajid upon me? If yes, how do I calculate the zakaat?

Bismillaah

A: Yes.

At the end of your zakaatable year, calculate 2.5 percent of your zakaatable assets and discharge that in zakaat.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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