Question
Should Zakaat be paid on earnings/wages which have been spent during the course of the year?
Answer
Zakaat is paid once a year on the cash, gold and stock-intrade in one‟s possession. Zakaat is not paid on earnings which have been used up during the course of twelve months. After twelve months, pay 2.5% of the value of your Zakaat assets (cash, gold, silver and stock-in-trade).
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- Source
- themajlis.co.za
- Published in
- The Majlis Vol 27 No 06
- PDF page
- 4
Verbatim verified against the source PDF
Appears under COMMERCIAL ‘HAJJ BADL’. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.