Zakat Expert

Q: Are the fluctuations in net wealth throughout the year taken into consideration for Zakat payment?

A: Fluctuations of wealth during the year will be overlooked, unless any fluctuations reduce a person to zero in terms of net wealth or below zero and in debt.

However, the Shafi’i and Hanbali school condition that Zakat is only payable if one owns wealth equal to the Nisab or more for the entire year. Therefore, if one’s net wealth dips below the Nisab in the year, Zakat will not be due anymore for that year.

And Allah knows best!

Mufti Faraz Adam

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