Is Zakah required every year ? : paying Zakah on same wealth every year ?

Fatawa Question

Dear Dr. Monzer, Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, About Zakat can you please clarify a point. If you pay Zakat on $ 10000 your left with $ 9850, will you have to pay zakat on that amount next year, or only pay zakat on new savings ? Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2007-01-14

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-785730

American Psychological Association (APA)

Qahf, Mundhir. 2007-01-14. Is Zakah required every year ? : paying Zakah on same wealth every year ?. .
https://search.emarefa.net/detail/BIM-785730

Modern Language Association (MLA)

Qahf, Mundhir. Is Zakah required every year ? : paying Zakah on same wealth every year ?. 2007-01-14.
https://search.emarefa.net/detail/BIM-785730

American Medical Association (AMA)

Qahf, Mundhir. 2007-01-14. Is Zakah required every year ? : paying Zakah on same wealth every year ?.
https://search.emarefa.net/detail/BIM-785730