Back to search
The question

What is the amount of zakat that must be paid on annual profit, and is the zakat of Ramadan the same as the annual capital zakat?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

If a Muslim possesses wealth that reaches the nisab (the equivalent of 85 grams of gold or 595 grams of silver) and a hawl (a full lunar year) passes over it, then he is obligated to pay 2.5% as zakat. Zakat includes the principal amount and its profit, and it becomes obligatory if the wealth, along with its profit, reaches the nisab and a hawl passes over it. It is not permissible to delay zakat beyond its due time except for a minor benefit, and delaying it until Ramadan if it became due before then is not considered a benefit. Zakat al-Fitr is different from Zakat al-Mal and is to be given out at the end of Ramadan as a sa' of the staple food of the people.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Source platform
Ftawy
Original fatwa ID
41765
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy