ANSWER: Of course, it does. Each and every individual is responsible for his / her own zakat! The threshold (nisab) of money is the value of 595 grams of silver. You try and set a date and on that day, you calculate how much you have and give 2.5% in zakat. Every lunar year, you […]

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ANSWER: You are not obliged to give zakat as you don’t have the nisab.  Once you reach the nisab, this is when you start counting for a lunar year to give your zakat after one year.

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ANSWER: The lender must pay the zakat over his money which he had willingly given to someone else.  The borrower must also pay zakat if the money is in his possession and a whole year passed on it.

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