Zakat on Cash Money

[msasaroar]

Assalam-u-Laykum Warahmatullahi Wabarakatu,

Imam Saheb I have a question regarding the payment of zakat on Cash Money.

As for example following is the cash situation in my hand for a Hijri Year:
1st Month (From the beggining of year) $10000.00
2nd Month $5000.00
6th Month $20000.00
12th Month (Upto the year end) $100000.00

Then what is the Zakatable amount for me for that year ?

[Imam]

Bismillahir Rahmanir Raheem

Wa'alaykum 'Assalam wa Rahmatullahi wa Barakatuhu


All Praise be to Allah who is the Lord of the Worlds, and may Endless Blessings be showered upon His Most Beloved, and Final Messenger of Islam, Hadrat Muhammad Mustafa Salla Allahu ta'ala 'alayhi wa 'aalihi wa Sallam

Since you did not posess £100000, for a whole year, then this amount is not zakatable. Nor did you posess that amount in the middle of the year. The amount that you did posess for a whole year, is £5000, which happens to be a part of £20000, and £100000, therefore that amount is consistent in the year, and will be zakatable.


Jazak'allah for your question.





Wallahu A'lamu Biththawaab


M. Waseem Ashrafi