• Prayers & Duties >> Zakat & Charity

    Question ID: 40287Country: United States of America

    Title: Zakah

    Question: For example: Last year, my bank balance was $5000. I paid zakah on that $5000. Now I have $10000 in my bank account (including the $5000 balance from last year). Do I need to pay zakah on the $5000 that was accumulated this year, or the entire $10000 in the bank? Can you please reply as soon as possible?

    Answer ID: 40287

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 646/603/N=1433) Zakah is wajib each year; hence you will have to pay the zakah of 10 thousand dollars.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India