Yes one has to pay zakat on the savings of over a year.
Read moreYou must pay your zakat after completion of the lunar year. Whatever possession you have at the end of the lunar year, you pay your zakat on it if it reaches the nisab regardless of when you got your salary.
Read moreYes, you must pay it next Ramadan if it is still with you or whatever is left of it.
Read moreZakat money must not be used to build masjids or dig wells.
Read moreYou must estimate the amount of zakat owed and pay it immediately.
Read moreYou still have to pay zakat if you have savings that exceed the threshold.
Read moreYou can give zakat for your husband, providing you give it to him cash in his hand to possess.
Read moreNo, zakat money must be given in cash unless the poor or needy authorizes it.
Read moreYou must estimate on the date and pay zakat on every year that you’ve had it in your possession for over one lunar year if it reached the nisab level. It must be given to a poor and needy Muslim in the form of cash. If you don’t have cash to pay it, you must […]
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