Is Zakah required every year ? : Zakah year and Zakah on jewelry

Fatawa Question

Assalamu Alaikum Could I please obtain a copy of the Will word document ? does my wife need to fill one out separately ? and is this binding by Canadian law ? As for Zakat calculation, what about the view that one can choose a time in the year to pay Zakat (every year at that time) and whatever he/she has at that time is what Zakat is calculated upon ? So someone wants to pay his Zakat every year during the 1st 10 days of Dhul-Hijjah... When that time comes, he calculates his Zakat then. Also, for women's jewelry, it's an estimate as to how much is Zakatable (based on how much other women have of the same income level) correct ? how do we measure the value of the jewelry ? Do you teach courses in Islamic finance ? did you ever consider opening an Institution that teaches and researches in Islamic finance and economics ? Jazzak Allah Khayran,

Fatwa

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Publication Date

2006-06-27

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-785837

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