My question is what is rules for jaakath?
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One of our brothers/sisters has asked
this question:
In the
name of Allah
asalamu
alikum
my
question is what is rules for jaakath?
Consider
that I have 100 grams of gold if I paid jaakath 2.5 % this year should I have
to pay the jaakath for the same gold next year also
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Answer:
Zakah annually
In the name of Allah, We praise Him, seek His help and ask
for His forgiveness. Whoever Allah guides none can misguide, and whoever
He allows to fall astray, none can guide them aright. We bear witness that
there is none worthy of worship but Allah Alone, and we bear witness that
Muhammad (saws) is His slave-servant and the seal of His Messengers.
Your Question: my question
is what is rules for jaakath?
Every believer, regardless of whether man, woman, or
child, who has excess wealth (over the ‘nisaab which is appx US$1,000.00) of
their own, is liable to pay a 2.5% annual zakat of their nett excess wealth in
Shariah.
Zakat is not determined from one’s earnings or profits,
but rather on one’s net excess wealth which is left over after paying all their
expenses, and it has been in their possession for a period of one calendar
year. There is no zakah liable on the house one lives in, or the furniture and
fixture one uses in their house, or the car one drives, etc. But if one has property which one has bought
as an investment, or spare vehicles other the one one drives, or jewelry, or
any other excess asset…then zakah would be liable on these excess wealth and
property.
Any asset, or wealth, or cash, or savings, which are left
over after all of one’s expenses are paid, and that excess savings and wealth
has been in their possession for one full calendar year is liable for payment
of annual ‘zakat’ at 2.5% of its value.
Thus the basic formula to calculate zakah is as follows:
All Assets (except the house one lives in, vehicle one
uses, etc.) minus all loans = Nett Excess Assets. It is on the market value of these Nett Excess
Assets upon which the annual zakah of 2.5% is due.
Allah Says in the Holy Quran Chapter 9 Surah
Taubah verse 60:
60 Alms are for the poor, and the needy, and those employed to
administer the (funds), for those whose hearts have been (recently) reconciled
(to the Truth), for those in bondage and in debt, in the Cause of Allah, and
for the wayfarer: (thus is it) ordained by Allah and Allah is full of Knowledge
and Wisdom.
Allah Subhanah has prescribed that ‘zakah’ should be paid
to any of the above eight listed categories:
- To
the poor
- To
the needy
- To
those who are employed to administer the zakah funds
- To
those whose hearts have recently been reconciled to the Truth of Islam
(new-muslims)
- For
those in bondage
- For
those in debt
- In
the Cause of Allah
- To
the way-farer or traveler
Allah Subhanah has Commanded and Guided the believers that
Zakaah may be distributed to any of the above absolutely vast eight categories
only; for all other categories, one may help them through voluntary and
supererogatory charity or sadaqa but not through Zakah funds.
Your Question: Consider
that I have 100 grams of gold if I paid jaakath 2.5 % this year should I have
to pay the jaakath for the same gold next year also
Zakah is indeed liable on one’s Nett Excess Assets annually
every year; thus if one has 100 grams of gold and paid the zakah on it for this
year, if one is in the possession of this gold for the period of next year, one
would indeed be liable to pay 2.5% zakah on it again the next year.
Amr ibn Shuaib reported from Abdullah ibn
'Amr that the Messenger of Allah (saws), said: "One who becomes the
guardian of an orphan with property must trade on his behalf and not leave it
passive in order to avoid depletion of the property by zakah."
Related by al-Hafiz.
That is precisely why the Messenger of Allah (saws) guided
the believers to strive to invest their wealth, lest it is depleted by the
annual zakah due on it.
Whatever written of Truth and benefit is only due to
Allah’s Assistance and Guidance, and whatever of error is of me alone. Allah Alone Knows Best and He is the Only
Source of Strength.
Your brother and
well wisher in Islam,
Burhan
Wister