If I have already paid Zakat on the money in my savings account, do I need to continue paying it annually on the remaining balance? Also, do I need to pay Zakat on my jewelry as well?
If I have already paid Zakat on the money in my savings account, do I need to continue paying it annually on the remaining balance? Also, do I need to pay Zakat on my jewelry as well?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 year ago
Obligatory Zakat is on nine items only which current golden coins, current silver coins, camels, cows, sheep’s, wheat, barely, dates and raisins. Yiu savings are not involved in obligatory Zakat but on Khums which is 20% from you annual savings including unused jewelery. Khums is obligatory one time only on the same amount or material. After paying the Khums, you do not need to pay Khums again on the same remaining amount.
Wassalam.