How to calculate the zakah on fluctuating funds in a bank account
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: The money I have in my bank account is not fixed. How do I pay the zakah on this money?
Answer:
Once the lunar year has passed, you pay the zakah on the balance you have in the bank or elsewhere. If a lunar year has passed on the balance you have, you pay it. Note that the profit follows the principal. If you only received profit on this very day, the day you are paying the zakah, you pay it following the principal. It is not required that a lunar year pass on the profit; its lunar year is the lunar year of the principal. Yes.
Honorable Shaykh, may Allah grant you success. He says: The money I have in my bank account is not fixed. How do I pay the zakah on this money?
Answer:
Once the lunar year has passed, you pay the zakah on the balance you have in the bank or elsewhere. If a lunar year has passed on the balance you have, you pay it. Note that the profit follows the principal. If you only received profit on this very day, the day you are paying the zakah, you pay it following the principal. It is not required that a lunar year pass on the profit; its lunar year is the lunar year of the principal. Yes.
Source
المنتقى من أخبار سيد المرسلين 25-01-1437هـ — alfawzan.live (47:14)
The Arabic text is a machine transcription of the audio recording.