How to Calculate the Zakah on Saved Money
Machine translationRead the Arabic original
Question:
May Allah reward you. He asks: How is the zakah on saved money calculated at the end of the year?
Answer:
If a lunar year has passed on money that reaches the nisab, then it is obligatory to pay zakah on it by giving one-fourth of a tenth, which is two and a half percent, or twenty-five per thousand. One pays its zakah when the lunar year is complete, provided it has reached the nisab. Yes.
May Allah reward you. He asks: How is the zakah on saved money calculated at the end of the year?
Answer:
If a lunar year has passed on money that reaches the nisab, then it is obligatory to pay zakah on it by giving one-fourth of a tenth, which is two and a half percent, or twenty-five per thousand. One pays its zakah when the lunar year is complete, provided it has reached the nisab. Yes.
Source
نور على الدرب - الفوزان - 03/210 — archive.org (4:55)
The Arabic text is a machine transcription of the audio recording.