Do I have to pay Zakah?
I am a student, Allahamdulillah after doing internship during summer got money, and now I am a student and not earning, is zakat applicable to me, Jazak Allah khair and when is zakat applicable
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
At the outset, it is important to understand the basic concept of calculating Zakāh.
The day an individual becomes owner of Zakātable wealth (gold, silver, cash, or trading merchandise) equivalent to the amount of Nisāb (87.48 grams of gold or its value in cash), this day is termed as his Zakāh day. In other words, annually all Zakātable wealth in his ownership on that day must be calculated for Zakāh.
If one never owned the amount of 87.48 grams of gold or its value in cash, then such a person is not required to pay Zakah.
And Allah Ta’āla Knows Best
(Mufti) Abdul Azeem bin Abdur Rahman