Is it obligatory to pay Zakat on wealth only for the amount that has completed a full year (hawl), or for all that has been saved during the year?
For to be obligatory, it is a condition that a full lunar year (hawl) passes over the wealth that has reached the minimum threshold (), based on the Prophet's (peace be upon him) saying: "There is no Zakat on wealth until a year passes over it." This condition applies to gold, silver, currency, and livestock.
Wealth acquired during the year is of two types: 1. That which is profit generated from existing wealth; its hawl is the hawl of its principal. 2. That which is independent wealth (such as inheritance, a gift, or savings from a salary); its Zakat is not obligatory until a year passes over it from the day it reached the nisab.
It is permissible for a Muslim to pay the Zakat on all his wealth in the month of , whether a year has passed over it or not, by way of accelerating the Zakat, just as Al-Abbas (may Allah be pleased with him) was granted permission to accelerate his charity before its due time. This facilitates calculation for the Zakat payer and spares him inconvenience.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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