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Zakah calculations.

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Assalam-u-Alikum,

At first, I would like to praise your working for ISLAM in the form of this great site.

My question is that I have gold & money equal to \$4000 for more than a year & it is obviously greater than this year`s Nisab of \$2500. I want to know that whether I have to pay Zakah on total or only on excess amount after Nisab`s value. Or I may ask it as 2.5% Zakah on total i.e. \$4000 or 2.5% Zakah on the money after Nisab`s value i.e. \$4000 - \$2500 = \$1500.

Jazakallah.

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Zakah calculations

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If Allah Subhanah has blessed one amongst His slaves with sustenance more than the value of the nisaab, and the believer has those assets with him for a period of one full lunar calendar year.then the believer is liable to pay annual zakah on the value of his full assets (\$4,000.00 in this case) at the rate of 2.50%.

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Your brother and well wisher in Islam,

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