Zakat On Asset Acquired After The Zakat Date
Zakat is due when you own the asset on your pre-determined date. From the buyer’s standpoint he would be paying the same amount of zakat either way because on the pre-determined date he either owned the property or the cash. Seller will pay his zakat according to what he owned on his pre-determined date. Please enter appropriate numbers in our Zakat Calculator after reading description for each box. When you reach the end, it will generate a statement showing you exactly what you owe after any applicable deductions, and what percentage was applied to what. It’s also a great way to learn the sharia of zakat. View Zakat Calculator