ANSWER:

You must fix a day and every hijri year must see what the selling price of gold is on that particular day and give 2.5%

QUESTION: How can I calculate my zakat if one day it’s price is $775 while the other day it is $800 per (12 grams of gold)

Zakat | January 24, 2024 10:30 am
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QUESTION: I want to know about paying zakat, especially the 2.5% part to help those in need. I’m already paying over 15% in taxes to the government, plus some indirect taxes that helps people of county. Could you guide me on this?
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QUESTION: I do not work but I am given gift money year-round and I was wondering if Zakat is obliged on me even though these are not my individual earnings. This money is from graduation, Eid, and the likes. I use this money for personal needs/wants.