Tag Archives: ramadan

Can a donation made without intention, that turned out to be Zakat eligible, count toward Zakat?

My friend Chris Blauvelt over at Launchgood asks a great question on twitter: ” If you made a donation without intending zakat, but later learned it was zakat eligible, can it count toward zakat? @FarazRabbani @hwmaqbul @joewbradford. Guessing Hanafis/Shafis split like do you have wudu if you accidentally fall in a pool without intention.” Taking […]

Do I pay Zakat on savings only or on my checking account too?

Question: Do I pay Zakat on my Savings only or on my checking account too? Answer: Zakat is due on ANY surplus wealth. It must be more than the Nisab and is in your possession after one year passes. This includes: Savings accounts, checking accounts, actively invested shares or Mutual Funds. It also includes cash […]