What is the amount of zakat due on a sum of 27,187, knowing that it is in a bank account opened on 2/10/2011?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Zakat is obligatory on money under two conditions: reaching the nisab (the equivalent of 85 grams of gold or 595 grams of silver), and the passing of a complete hawl (one lunar year) while owning it. If both conditions are met, 2.5% of the amount is to be given. If the amount is less than the nisab or a complete hawl has not passed, then there is no zakat on it. If the amount was accumulated in installments, then what matters is the day it reached the nisab.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/133877
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- 133877
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