How an Employee Pays the Zakah on His Wealth
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The third question of Fatwa No. ( 16316 )
Q3: How does an employee pay the zakah on his wealth? Knowing that his account in the Islamic bank may reach (50,000 riyals) and sometimes only (1,000 riyals), how can the zakah be paid, and how is the calculation done?
A3: The employee and others pay the zakah on their wealth if it reaches the nisab or more and a lunar year has passed over it, by paying one-quarter of a tenth (2.5%), and the profit follows the cycle of the capital; because it is attached to it. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q3: How does an employee pay the zakah on his wealth? Knowing that his account in the Islamic bank may reach (50,000 riyals) and sometimes only (1,000 riyals), how can the zakah be paid, and how is the calculation done?
A3: The employee and others pay the zakah on their wealth if it reaches the nisab or more and a lunar year has passed over it, by paying one-quarter of a tenth (2.5%), and the profit follows the cycle of the capital; because it is attached to it. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.