Who has to pay Zakat?
Those required to pay Zakat must be:
- Adult (have reached the age of puberty)
- Muslim (Zakat is not paid by non-Muslims)
- In complete ownership of the Nisab
Differences of opinion:
- The orphan
- The child (pre-puberty)
- The mad/insane
The three schools of thought other than the Hanafi school state that Zakat should be paid on qualifying wealth owned by the orphan, child and the insane.
Conditions that make Zakat obligatory
Zakat is obligatory if an individual possesses wealth to the value of the Nisab (minimum threshold). According to Sharia, such a person is deemed to be rich. Zakat is imposed by both the Qur’an and the Sunnah and the Prophet (peace be upon him) himself listed Zakatable items and monetary rates to be charged on each of them. The Prophet (peace be upon him) also gave us exemptions and regimented criteria of Zakat, Zakatable items and general Zakatability. Everything has been written for and given to us, Subhanallah! – and it is our role as pious Muslims to adhere to what we have been told to do.
Conditions for Zakat to be obligatory on wealth:
- Complete ownership
- The wealth has the ability to grow and increase
- The wealth has reached the Nisab
- A whole lunar year passes after possessing the Nisab
Zakat is meant to help relieve the poor without impoverishing the rich; once you have reached the Nisab threshold you are only required to give 2.5% of your Zakatable assets. In essence, we are required to give a little from a lot – and in doing so, not do ourselves any financial damage whilst providing security for those in need.
My daughter is 9 years old and she has received gold gifts over the years. Do we need to pay Zakat on this amount?
Those required to pay Zakat must be: adult (having reached puberty), Muslim, sane, and have complete ownership of the Nisab. All three schools of thought other than the Hanafi school of thought state that Zakat should be paid on qualifying wealth owned by the insane and children. So depending on which opinion you follow and if your child’s assets are above the Nisab, you can pay Zakat on this gold.