Q 2: I am participating in a cooperative fund that extends for twelve months. The total sum owed to me was ninety thousand Yemeni riyals, which I received in three installments:I: A sum of 36 thousand YR.II: A sum of 36 thousand YR.III: A sum of 18 thousand YR.Is Zakah (obligatory charity) Wajib (obligatory) on the above-mentioned sums? If so, how much is due?
A:
It is Wajib on you to pay Zakah on the money you have if it reaches the Nisab (the minimum amount on which Zakah is due) and a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) has passed since then. Whether the money is at your disposal or a share in a cooperative, you should pay the Zakah on both it and its profits. The Hawl of the profits is that which passes on their original capital. (Part No. 8; Page No. 191
A:
It is Wajib on you to pay Zakah on the money you have if it reaches the Nisab (the minimum amount on which Zakah is due) and a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) has passed since then. Whether the money is at your disposal or a share in a cooperative, you should pay the Zakah on both it and its profits. The Hawl of the profits is that which passes on their original capital. (Part No. 8; Page No. 191) May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
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