Increase or Decrease before the Zakaat Date

July, 2011

• 2 July

  Wealth decreasing before the zakaat date

  Q: What is the mas’alah regarding a person whose wealth decreased before the zakaat date? E.g. Bakr possessed R1, 000, 000 throughout the year. Just before the end of his zakaatable year i.e. 1st of Ramadhaan, he suffered a loss of R900, 000 in his business. Will Bakr now have …
• 2 July

  Receiving wealth before one’s zakaat date

  Q: What is the mas’alah regarding a person who received some wealth prior to the completion of the zakaatable year? E.g. Zaid’s zakaatable year ends on the 1st of Ramadhaan. Few days before the 1st of Ramadhaan, he received a lump sum of R1, 000, 000 in inheritance. Will Zaid …