Zakat on money saved monthly
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Question:
Our sister says: I want to pay zakat on my money, but the amount is very small. I only save a certain amount each month, and that savings increases. What is the amount on which I must pay zakat, given that the year has ended but the entire amount has not been held for a full year because it increases every month? Do I pay zakat on the whole amount, or only on the amount I saved first?
Answer:
Zakat becomes obligatory when the lunar year (hawl) has passed. If the savings that have completed the lunar year reach the nisab (minimum threshold), then zakat is due on it, at the rate of one-tenth, meaning for every one hundred, two and a half. This applies to the savings that have completed the lunar year. As for what has not completed the lunar year, there is no zakat on it. It is necessary that the amount which has completed the lunar year reaches the nisab. The amount is one hundred and forty dirhams of silver, or its equivalent in value, because these are goods. In gold, it is twenty mithqals. If the money a person has is in gold, it must reach twenty mithqals and complete the lunar year. The amount of the first event and half of the Saudi gold hair, and so on. Thus, gold and Saudi [currency] are four mithqals. If a Muslim obtains one of two things and does not reach the threshold, then if he is living by the perfection of zakat, if it has completed the lunar year, and if it is less than that, less than one of the two, then there is no zakat in it. Likewise, it is exposed to forty mithqals. If the dirham is one mithqal of riba, or from the paper currency of the cause, then its value does not equal a mithqal, or zakat becomes obligatory on its smallness.
The result is that if the cause is silver, it is weighed in mithqals and compared to this paper value. If it is gold, it is also weighed in mithqals of gold, from paper, from paper, yes. If it has not completed the lunar year, zakat is not due. But if he wants to hasten it before the lunar year is completed, he says no. If he hastens it, some poor people will not have completed the lunar year, so he should not hasten.
Our sister says: I want to pay zakat on my money, but the amount is very small. I only save a certain amount each month, and that savings increases. What is the amount on which I must pay zakat, given that the year has ended but the entire amount has not been held for a full year because it increases every month? Do I pay zakat on the whole amount, or only on the amount I saved first?
Answer:
Zakat becomes obligatory when the lunar year (hawl) has passed. If the savings that have completed the lunar year reach the nisab (minimum threshold), then zakat is due on it, at the rate of one-tenth, meaning for every one hundred, two and a half. This applies to the savings that have completed the lunar year. As for what has not completed the lunar year, there is no zakat on it. It is necessary that the amount which has completed the lunar year reaches the nisab. The amount is one hundred and forty dirhams of silver, or its equivalent in value, because these are goods. In gold, it is twenty mithqals. If the money a person has is in gold, it must reach twenty mithqals and complete the lunar year. The amount of the first event and half of the Saudi gold hair, and so on. Thus, gold and Saudi [currency] are four mithqals. If a Muslim obtains one of two things and does not reach the threshold, then if he is living by the perfection of zakat, if it has completed the lunar year, and if it is less than that, less than one of the two, then there is no zakat in it. Likewise, it is exposed to forty mithqals. If the dirham is one mithqal of riba, or from the paper currency of the cause, then its value does not equal a mithqal, or zakat becomes obligatory on its smallness.
The result is that if the cause is silver, it is weighed in mithqals and compared to this paper value. If it is gold, it is also weighed in mithqals of gold, from paper, from paper, yes. If it has not completed the lunar year, zakat is not due. But if he wants to hasten it before the lunar year is completed, he says no. If he hastens it, some poor people will not have completed the lunar year, so he should not hasten.
Source
ندوات الجامع الكبير مع الأسئلة - ٦٧ — archive.org (15:52)
The Arabic text is a machine transcription of the audio recording.