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  • Zakat For Interim Period

    Posted by Fahd Malek on October 14, 2024 at 6:22 pm

    I normally calculate my networth on 31 Dec every year to calculate Zakat due over the next year and gradually settle it monthly in advance. I intend to invest all my savings in September 2025 بإذن اللة meaning I would be left with nothing by 31 Dec 2025.

    Question: Should I calculate and pay my zakat on my entire networth that would complete 1 year on Sep 2025 before making the investment?

    Fahd Malek replied 2 months, 1 week ago 2 Members · 2 Replies
  • 2 Replies
  • Zakat For Interim Period

    Fahd Malek updated 2 months, 1 week ago 2 Members · 2 Replies
  • Dr. Irfan Shahzad

    Scholar October 14, 2024 at 8:55 pm

    Zakat applies to both savings and investments, so continue calculating it as usual on the due date.

  • Fahd Malek

    Member October 15, 2024 at 4:35 pm

    Jazak Allah Khair. Just toadd the invesent be likely in an apartment building which would be partially rent and partially swlf occupied. How would Zakat apply in such case.

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