How is zakat calculated on an amount of EGP 7,000 out of an original EGP 15,000, and is zakat obligatory on gold that does not exceed EGP 1,000?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the father is wealthy, the money he possesses is a trust (wadi'ah) on which zakat is obligatory if it reaches the nisab and a full year has passed over it.
If he is in hardship, zakat is not obligatory until the money is received, and it is then paid for one year only.
The zakat on banknotes is calculated by dividing the amount by forty, meaning 25 pounds for every thousand pounds.
As for the zakat on women's jewelry, it is preferable to pay it to avoid disagreement and out of consideration for the rights of the poor.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/49572
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- 49572
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