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Asked 6 years, 4 months ago. Active 5 years, 10 months ago. Viewed 3k times. Improve this question. Decentsoul Decentsoul 11 1 1 silver badge 3 3 bronze badges. Add a comment. Active Oldest Votes. No Yes. Password should contain small, capital letter and at least 8 characters long.
Log in Create an account. Can't log in to your account? If you do not have an account, you can click the button below to create one. If you have an account, log in. Create new account Log in. English en. In possession of the wealth for one complete lunar Hijrah year: If one owns zakatable wealth for a lunar year, zakat will become obligatory, provided the total amount of wealth exceeds the nisab at the beginning of the year and the end, irrespective of any fluctuations in the months between.
For a donation to qualify as zakat, there must be a clear intention present, either when you separate the zakat money from the rest of your wealth, or when you make the zakat payment. Gold and Silver: Any gold or silver you possess is zakatable, including jewellery according to Hanafi school, because these two metals have intrinsic monetary value. Other precious metals and stones are not zakatable unless they were acquired for the purpose of trade.
Cash or its Equivalent: Cash at home, in bank accounts, savings, money lent to others,saving certificates, bonds, shares, investment certificates and so on, are all taken into account when calculating zakat. Stock Purchased for Trade: Any goods you have bought with the intention of selling are included in your zakatable wealth. What part of my wealth is not zakatable? Any goods, other than gold or silver, that you have not bought for resale are non-zakatable.
No zakat is payable on your personal belongings, such us a house or a car. Can I pay zakat in advance?
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