Prayers & Duties >> Zakat & Charity
Question ID: 32057Country: India
Answer ID: 32057
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1012/D=160/K=1432) Zakah shall be wajib when the assets (cash, jewelleries etc) have value equal to nisab (equal to the price of 613 gram silver) from that time up to passing the year. You will have to pay 2.5% as zakah provided the assets are not less than the nisab at the end of year. But, Zakah shall be wajib if the assets change during the year and reach up to nisab at the end of the year.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India