The ruling on wealth set aside for zakah when a lunar year has passed over it

Question:
The listener Khalid ibn 'Ali ...... from Riyadh says: Your Eminence, may Allah preserve you and protect you, is there zakah due on zakah that has had a lunar year pass over it?

Answer:
Wealth is subject to zakah; when a lunar year passes over wealth, it is subject to zakah, and he must pay it out as soon as the lunar year is completed. It is not considered zakah unless he pays it out. All wealth is subject to zakah when a lunar year passes over it; he calculates it and pays out its zakah, which is one-quarter of a tenth. However, if he sets it aside to give to the poor, but does not give it to the poor, and a lunar year passes over it, he must pay zakah on it; because it has not left his possession. If he had, for example, forty thousand, and set aside one thousand to give to the poor, and the lunar year passed while he had not paid it out, he must pay zakah on it; because it is his wealth, it has not gone, it has not gone to the poor. He pays zakah of twenty-five riyals on the one thousand, which is the zakah of the one thousand, one-quarter of a tenth. Yes.

The presenter: May Allah reward you.