How to Pay Zakah
Machine translationRead the Arabic original
The questioner:
The questioner says: Honorable Shaykh, what is the method for calculating zakah?
The Shaykh:
Yes.
The questioner:
What is the method for calculating zakah?
The Shaykh:
The method for paying zakah is that you count the money you have. For currency, you pay one-quarter of a tenth, which is two and a half percent. That is two and a half riyals for every hundred.
As for goods and merchandise, you take the items you have for sale, appraise them at their current market value, appraise them at their current market value, sum up their total value, and pay one-quarter of a tenth of it. As for debts that people owe you, and you have not given up hope of receiving them, you also pay zakah on them; because they are considered money in your possession. Yes.
As for debts where you do not know whether you will receive them or not, because they are owed by poor people who are unable to pay, or by those who delay payment and will not pay unless forced, and they may even deny the debt, so you do not know whether you will get these debts or not? There is no zakah on these until you receive them. Once you receive them, you pay zakah on them for one year only, for the year of receipt only. Money comes in three types: currency, goods, and debts in people’s hands, and zakah is obligatory on all of them. Yes.
The questioner says: Honorable Shaykh, what is the method for calculating zakah?
The Shaykh:
Yes.
The questioner:
What is the method for calculating zakah?
The Shaykh:
The method for paying zakah is that you count the money you have. For currency, you pay one-quarter of a tenth, which is two and a half percent. That is two and a half riyals for every hundred.
As for goods and merchandise, you take the items you have for sale, appraise them at their current market value, appraise them at their current market value, sum up their total value, and pay one-quarter of a tenth of it. As for debts that people owe you, and you have not given up hope of receiving them, you also pay zakah on them; because they are considered money in your possession. Yes.
As for debts where you do not know whether you will receive them or not, because they are owed by poor people who are unable to pay, or by those who delay payment and will not pay unless forced, and they may even deny the debt, so you do not know whether you will get these debts or not? There is no zakah on these until you receive them. Once you receive them, you pay zakah on them for one year only, for the year of receipt only. Money comes in three types: currency, goods, and debts in people’s hands, and zakah is obligatory on all of them. Yes.
Source
لقاء مفتوح 14-09-1433هـ — alfawzan.live (16:55)
The Arabic text is a machine transcription of the audio recording.