The Ruling on the Zakah of Accumulated Wealth and the Ruling on the 'Aqiqah

Question:
Please, my brother Abu Ziyad, from the blessed city of Makkah. Peace be upon you. And upon you be peace. I have two questions, O Shaykh. The first question is that I have money that I have been saving since last year, and it is increasing; it is not a fixed amount. I want to know how to calculate the zakah on it? The second question is whether the 'aqiqah is a recommended practice (sunnah) or obligatory? Okay, thank you.

Answer:
Yes. The answer to the first question is that if you have money that reaches the nisab (minimum threshold) or more, and a lunar year has passed over it, then zakah is obligatory on it every year as long as it remains with you. And whatever increases is also included in the calculation, so you pay zakah on the total amount you have when the lunar year passes over it each year. And the 'aqiqah, my brother, is a recommended practice (sunnah) and not obligatory. Yes.