Tuesday, June 25, 2024
No menu items!

Zakaah and unemployed

Fatwaa ID: 980

Question:
Assalamualaikum, do you have to pay zakat if unemployed?

Answer:
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

Zakaah is not dependent on whether a person is earning an income or not. Zakaah is based on the zakaatable assets a person owns. Hence, even though you are unemployed, your zakaatable assets will be assessed on your zakaah date. This includes cash in hand, bank balance, pocket or spare change, savings, gold, silver, investments, stocks, cryptos, most retirement funds, trade goods, etc. If the total reaches or exceeds the nisaab, then you will pay 2.5% of the total. If it is less than the nisaab, then you do not pay any zakaah.

And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
https://askthemufti.us/

09/05/1444 AH – 03/27/2023 CE | AMG3-3579

وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين

__________________
Disclaimer

Darul Iftaa New York answers questions on issues pertaining to Shari’ah. These questions and answers are placed for public view on askthemufti.us for educational purposes. The rulings given here are based on the questions posed and should be read in conjunction with the questions. Many answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation. 

Darul Iftaa New York bears no responsibility with regard to its answers being used out of their intended contexts, nor with regard to any loss or damage that may be caused by acting on its answers or not doing so.

References and links to other websites should not be taken as an endorsement of all contents of those websites. 

Answers may not be used as evidence in any court of law without prior written consent of Darul Iftaa New York.