How is Zakat calculated on money that has completed a Hawl (one lunar year) in the fourth month, knowing that I started saving an additional sum of money in the eighth month of the same year?
is not due on money merely because a year has passed; rather, it becomes obligatory if a year has passed after it reaches the (the equivalent of 85 grams of gold or 595 grams of silver). If the money reaches the nisab, a full year is counted from the date it reached the nisab, then one-quarter of one-tenth (2.5%) of it is given out. Money gained later, if it is profit generated from the nisab, is zakatable along with it. If it is not profit generated from it (such as a salary or inheritance), it is permissible to pay zakat on it in advance along with the nisab, or to pay zakat on each sum of money in its respective month.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
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