Zakat Nisab at the End of the Year

CategoriesZakah [309]

Fatwa ID: 05868

 

Answered by: Shaykh Shafiur Rahman

 

Question:

 

 

Nisab is equal £250 making person A sahib nisab. One year passes and person A has £270, however, the nisab this year rises and becomes £300, does person A still have to pay zakat?

 

 

In the name of Allah, the Most Gracious, the Most Merciful

 

Answer:

 

One of the conditions of zakat to be payable is that a free sane Muslim adult must be in possession of the nisab at the beginning and at the end of one lunar year. In the case you have outlined, if that is the person’s total zakatable wealth after one lunar year including gold, silver, investments etc then he does not pay zakat as he no longer owns the nisab amount at the due time of zakat at the end of the lunar year.1

 

 

 

Only Allah knows best

Written by Shaykh Shafiur Rahman

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham

 

 

 

1 ولا بد من ملك مقدار النصاب لأنه صلى الله عليه وسلم قدر السبب به ولا بد من الحول لأنه لا بد من مدة يتحقق فيها النماء وقدرها الشرع بالحول لقوله صلى الله عليه وسلم ” لا زكاة في مال حتى يحول عليه الحول “

ص95 – كتاب الهداية في شرح بداية المبتدي – كتاب الزكاة – المكتبة الشاملة

” وإذا كان النصاب كاملا في طرفي الحول فنقصانه فيما بين ذلك لا يسقط الزكاة “

ص103 – كتاب الهداية في شرح بداية المبتدي – فصل في العروض – المكتبة الشاملة 

 

 

 

 

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