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Details Of Law Of Zakat On Salary And On Assets
Assalamoalekum
I have read Ghamidi Sahib view on paying Zakah and I am now feeling confused if I had done right things in my life so far.
The traditional view is that you work out Zakah once a year even if you are a salaried person and have some savings as assets.
I hope you can clarify as I narrate my life story to seek help and establish if I should have paid Zakah and if yes how much and when.
My question i that in a person’s life, when is the first time a person becomes Sahib e Nisab?
Please consider my situation:
I used to live with my parents till I grew up, completed my masters. Till then I did not have enough of my own to become Sahib e Nisab.
I then got a job and started working as an employeed person.
Did I become Sahib e Nisab on the day I got my job or my first salary?
As per Ghamidhi Sahib view, I should have paid Zakah on my salary each month. But I recall my salary remained lower than the Nisab level. So I did not pay Zakah. Did I do the right thing? I paid all the taxes though because the employer would deduct taxes at source.
How much salary a person needs to earn per month to pay Zakah? Is it the same amount as value of seven and half tolas of gold?
Should I also have considered paying Zakah on my assets each year in addition to paying Zakah on my salary? How would I have known the date for yearly payment of Zakah on assets? How much assets I needed to have each year to pay Zakah?
Does a person need to pay Zakah on salary income each month and then also pay Zakah on assets each year? It sounds a bit confusing to me.
I am now earning a good salary but I am not sure how much salary I need to earn each month before I pay Zakah on my salary (as production)? When do I need to pay this Zakah on salary as production. My employer still deducts taxes at source from my salary. I am high rate tax payer and as per UK rules the company deducts 40% from my salary each month.
I also remain unsure about how to figure out a date for paying yearly Zakah on assets. I do not have any agricultural or animal stock.
I am sorry for this long narrative. I hope you can assist. Many thanks indeed. Jazakallah Khairan
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Details Of Law Of Zakat On Salary And On Assets
updated 2 years, 11 months ago
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Hopefully following response will help you understand the law of Zakat with much clarity. In case of any confusion, please feel free to ask a follow-up question:
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