Previously, we know learn about how Mr Ali has save up his money from his work. Read more through this link - https://tinyurl.com/56yu5zx9
Case Study 1.2:
And the Savings continue in the 2nd year.
He still continue to save $400 monthly.
At the beginning of the year, his saving is at $4,800
In January that year: $4,800 + $400 = $5,200
In Feb that year: $5200 + $400 = $5,600
In March that year: $5,600 + $400 = $6,000
Assume that the nisab has changed to $5,800.
Does he qualify for Zakat now in March of the 2nd year?
Answer: Not yet.
Reason:
Although he has reached the nisab but he has not fulfilled the haul which is to maintain over a period of 12 months.
There are always 2 checkpoints.
1st: Reached minimal nisab value.
2nd: Maintain over 12 months.
Find out more in our Calculating Zakat Workshop to know more about Zakat on Wealth - 17th April, 12pm - 4pm and keep a lookout for our next Zakat Broadcast!
