What is the zakah on fifty thousand Saudi riyals?
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Question:
The questioner says: I have a sum of fifty thousand Saudi riyals, which consists of ranks or a retirement pension. The question is: How is the zakah on this money calculated? I should mention that I spend from it and lend from it, and I do not know its hawl (lunar year of possession) due to my ignorance of the concept of hawl. May Allah reward you with good.
Answer:
The money available to you, if it reaches the nisab (minimum threshold for zakah) and a hawl (lunar year of possession) has passed over it, zakah becomes obligatory on it every year by paying out one-quarter of one-tenth. You must calculate the zakah for the past years and pay it out, because it remains a right obligatory upon you in your liability, and it is not waived by the passage of years. You must calculate the zakah for the past years and pay it out to the poor and the needy. Yes.
The questioner says: I have a sum of fifty thousand Saudi riyals, which consists of ranks or a retirement pension. The question is: How is the zakah on this money calculated? I should mention that I spend from it and lend from it, and I do not know its hawl (lunar year of possession) due to my ignorance of the concept of hawl. May Allah reward you with good.
Answer:
The money available to you, if it reaches the nisab (minimum threshold for zakah) and a hawl (lunar year of possession) has passed over it, zakah becomes obligatory on it every year by paying out one-quarter of one-tenth. You must calculate the zakah for the past years and pay it out, because it remains a right obligatory upon you in your liability, and it is not waived by the passage of years. You must calculate the zakah for the past years and pay it out to the poor and the needy. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما زكاة خمسون ألف ريالا سعوديا؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.