ANSWER:

If it reaches the threshold by itself and you possess it for a whole year, there is zakat on it. 

Otherwise, you need to add it to the cash and other zakatble wealth you may have. 

QUESTION: Do I pay zakat on a gift card that has money on it?

Zakat | June 23, 2024 11:48 pm
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QUESTION: My dad manages my zakah and my bank. I informed him i have lots of money in my cupboard since many years. He told me that’s ok because he pays extra zakah every year so it gets covered in that. Is it ok? I am confused because of the niyah aspect of it.
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QUESTION: My father-in-law – wife’s father and husband of my maternal aunt, needed an urgent medical surgery which he couldn’t afford due to his financial condition. He has a home where he lives but no sellable property or savings. He lives on monthly pension money from Govt. job. Alhamdulillah, I was able to pay his medical treatment cost. Can I count this as Advance Zakat for my next Zakat year?