If you’ve ever missed your Zakat, tonight is the night to get your affairs in order Assalamu Alaykum,
Have you (like many of us!) ever missed Zakat? Did you perhaps not know the rules of Zakat or erred in your calculations? Did you only start practising Islam recently and thus only got to understand Zakat in the last little while?
Missed Zakat must be paid and is considered a debt until it is paid. There are a few key things you need to do if you have missed Zakat in previous years:
Identify which years you missed a Zakat payment Calculate the total of your Zakatable assets (net of liabilities) per year If the total is above the Nisaab of the date, pay Zakat at 2.5% of this value This has to be done for each year you missed paying Zakat If you are unsure of the exact value in the past, do your best to estimate it
While this sounds simple, it can get a little messy. To help with this, we organised a great presentation to assist you in learning how to calculate the Zakat you've missed out on paying. It is one you can watch again here and should answer all your questions in this regard. Be sure to check it out insha Allah.
You can also send us any questions you have via email as always.
May Allah make it easy for us to fulfil this great pillar of Islam. May Allah accept your worship in the coming days! Wassalam,
The NZF Team |