Zakat minus Expenses

[OYMWA]

Re: Zakat minus Expenses

@psyah

Zakat is on the amount that has been saved for 1 year. For ease people merely pay zakat on the balance at the time of Ramadan, but the proper way of doing the calculation is to look at the minimum amount that was in the account over the year, plus any gold and silver that has been kept in possession over that year.

OYMWA is right also that debts values are deducted.

I could be wrong, but that one year requirement is for when you first become sahab-e-nisaab. After that you pay for whatever you have. Someone more knowledgeable may be able to chime in on this.