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The question

How is Zakat on wealth calculated, and how are the beginning of the Hawl (Zakat year) with a monthly salary increase determined, and in which currency is it calculated, and when is it to be given?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

is obligatory on salary if the saved portion of it reaches the (which is equivalent to 85 grams of gold or 595 grams of silver) and a hawl (lunar year) passes on it. 2.5% (a quarter of a tenth) is to be paid from it. The nisab is calculated based on the price of gold or silver in the local currency, and the month for paying zakat is the month in which a hawl has passed on the nisab.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
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Ftawy
Original fatwa ID
143259
Added here
. This is when the answer was added to El Fatwa, not the fatwa's date.
Text
Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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Read the full answer on Ftawy