The ruling on the zakah of money that is divided before the completion of the lunar year by one day

The questioner : He says: If the money is divided one day before the year is complete, he says it is obligatory for the partner in his money to pay zakah. How is the zakah obligatory when the full period of ownership has not yet been completed, with only one day remaining?

The Shaykh : Yes, this is a good question. Therefore, it is not far-fetched that there is an opinion that the lunar year (hawl) begins anew. However, they say that since the original capital was present, and now the concern regarding the preservation of the capital has increased, the zakah became obligatory upon him.

The questioner : And if this money has not been possessed for a full year, it is because it is from the profit.

The Shaykh : Well, it is correct, but it has become secondary. It is from the profit, but it is not a mere gift; rather, it is an increase of something previous that had already completed its period.