Explaining how to pay zakah from currency that was abolished and then reinstated
Machine translationRead the Arabic original
Q26: The questioner says: My father passed away twenty years ago, and he left us an inheritance in Iraqi currency. He did not pay zakah on it for approximately six years. After that, the value of the Iraqi currency was abolished for fourteen years. Then, about five months ago, the currency returned to the markets, so we exchanged it for Saudi riyals. How do we pay zakah on it now?
A26: Pay zakah on it for the period during which it was not abolished. There is no zakah during the period of abolition. Once it is reinstated, its consideration begins. You pay zakah on it for the years that have passed since its reinstatement. The outcome is that as long as it is considered valid, it is subject to zakah, whether in the previous period or the new period. However, during the time of its abolition, there is no zakah on it.
A26: Pay zakah on it for the period during which it was not abolished. There is no zakah during the period of abolition. Once it is reinstated, its consideration begins. You pay zakah on it for the years that have passed since its reinstatement. The outcome is that as long as it is considered valid, it is subject to zakah, whether in the previous period or the new period. However, during the time of its abolition, there is no zakah on it.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.