How to Pay Zakat on Wealth That Increases Over Time
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Q: What is the method for paying zakat on wealth, such that if a person sets aside a portion of the wealth and then, after a period, adds another portion to it, how does he pay its zakat?
A: If a lunar year passes over money or trade goods that reach the nisab, he pays its zakat, and so for the rest of the wealth: for every portion over which a lunar year passes, he pays its zakat. If he pays the zakat for the entire amount when the lunar year passes over the first portion of the wealth, that is sufficient; because paying zakat early, before the lunar year has passed, is permissible.
For example, if he owns ten thousand in Ramadan of the year 1403 AH, and then owns another ten thousand in Dhul-Qa'dah of the year 1403 AH, he pays zakat on the first ten thousand in Ramadan of the year 1404 AH, and pays zakat on the second ten thousand in Dhul-Qa'dah of the year 1404 AH. If he pays zakat on the entire amount in Ramadan of the year 1404 AH, there is nothing wrong with it; in that case, he has paid the zakat on the second ten thousand early, before it became obligatory, and there is no blame in that. And success is from Allah.
A: If a lunar year passes over money or trade goods that reach the nisab, he pays its zakat, and so for the rest of the wealth: for every portion over which a lunar year passes, he pays its zakat. If he pays the zakat for the entire amount when the lunar year passes over the first portion of the wealth, that is sufficient; because paying zakat early, before the lunar year has passed, is permissible.
For example, if he owns ten thousand in Ramadan of the year 1403 AH, and then owns another ten thousand in Dhul-Qa'dah of the year 1403 AH, he pays zakat on the first ten thousand in Ramadan of the year 1404 AH, and pays zakat on the second ten thousand in Dhul-Qa'dah of the year 1404 AH. If he pays zakat on the entire amount in Ramadan of the year 1404 AH, there is nothing wrong with it; in that case, he has paid the zakat on the second ten thousand early, before it became obligatory, and there is no blame in that. And success is from Allah.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.