{"id":3016,"date":"2021-07-27T21:28:00","date_gmt":"2021-07-28T01:28:00","guid":{"rendered":"http:\/\/fatwa-tt.com\/?p=3016"},"modified":"2021-07-27T21:28:02","modified_gmt":"2021-07-28T01:28:02","slug":"zakaah-on-yearly-savings","status":"publish","type":"post","link":"https:\/\/fatwa-tt.com\/index.php\/zakaah-on-yearly-savings\/","title":{"rendered":"Zakaah on yearly savings."},"content":{"rendered":"\n<p><strong>Question:<\/strong><\/p>\n\n\n\n<p>Assalamu Alaikum,<br><br>I would like to clarify regarding the payment for Zakaah:<br><br>If I have a savings of $100 per month for the last tens years and have accumulated $12,000.00 to date and each year I have been paying Zakaah on the accumulated value of the savings in the previous year.<br>Do I pay this year the 2.5% on the last lunar year ONLY which would be 2.5% of $1,200.00 or do I pay 2.5% on the total accumulated value of $12,000.00? Please advise. Jazakallah<\/p>\n\n\n\n<p><strong>Answer:<\/strong><\/p>\n\n\n\n<p><strong>In the Name of Allah, the Most Gracious, the Most Merciful.<\/strong><\/p>\n\n\n\n<p>Zakaah is due on one\u2019s total savings and items of trade. Any fluctuation in the amount during the year will not be considered. 2.5% Zakaah will be paid on the total amount of savings\/zakaatable assets (minus debts) on one\u2019s annual Zakaah date. <\/p>\n\n\n\n<p>One&#8217;s annual date for discharging Zakaah should be fixed (according to the lunar, Islamic calendar) and whatever is the total of one&#8217;s zakaatable assets on that date, your Zakaah will be paid on that amount. <\/p>\n\n\n\n<p>For more information see <a href=\"https:\/\/fatwa-tt.com\/zakaah-guide-2021\/\">https:\/\/fatwa-tt.com\/zakaah-guide-2021\/<\/a><\/p>\n\n\n\n<p><strong>And Allah Ta\u2019\u0101la Knows Best<\/strong><\/p>\n\n\n\n<p><strong>Mufti Arshad Ali<\/strong><\/p>\n\n\n\n<p><strong>Darul Iftaa, Jaamia Madinatul Uloom (Trinidad)<\/strong><\/p>\n\n\n\n<p><a href=\"http:\/\/www.fatwa-tt.com\"><strong>www.fatwa-tt.com<\/strong><\/a><strong> \/<\/strong><a href=\"www.jaamia.net\"><strong>www.jaamia.net<\/strong><\/a><strong><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Assalamu Alaikum, I would like to clarify regarding the payment for Zakaah: If I have a savings<\/p>\n","protected":false},"author":1,"featured_media":2354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-3016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zakat-and-sadqah"],"_links":{"self":[{"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/posts\/3016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/comments?post=3016"}],"version-history":[{"count":0,"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/posts\/3016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/media\/2354"}],"wp:attachment":[{"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/media?parent=3016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/categories?post=3016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fatwa-tt.com\/index.php\/wp-json\/wp\/v2\/tags?post=3016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}