Salam all, so the question is how do I calculate zakat? Usually I have been paying zakat at the end of every Ramadan based on the money I have earned since the previous Ramadan. Is that how it works?
@66455491 “For every sane, adult Muslim who owns Zakatable wealth over a certain amount – known as the nisab – he or she must pay 2.5% of that wealth as Zakat. Zakatable assets include gold, silver, cash, savings and business assets, which have been in your possession over a lunar year.”
@olyagah Zakat is payable upon your total wealth.
At a basic level it is 2.5% of your total wealth - but there are rules upon the type of assets and any debts.
