Fatwaa ID: 867
For instance, I have to give $50 in zakaat. Do I take it out from the savings/the money I’ve had for a year or I can take it out of my paycheck which I’m about to receive?
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.
At the outset, we wish to clarify that zakaah is not on one’s savings only. Rather, all zakaatable assets of a person that he owns on his zakaah date will be subject to zakaah even if he only had them for only a day. Zakaatable assets include cash in hand, pocket or spare change, bank balances, savings, cryptocurrencies, foreign currencies, stocks and shares, trade goods, gold, silver and investments.
Nevertheless, when discharging zakaah, it may be given from any wealth one posseses, including that which came into his ownership after the zakaah date. It is not necessary to take it out from the wealth on which zakaah is being paid.
And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
08/24/1444 AH – 03/16/2023 CE | AML1-7331
وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين
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.