Is Zakat On Same Wealth Due Every Year & On Gross Wealth Or Net Of Nisab??
1) Yes! Zakat is obligatory every year on the same date as long as your wealth surpasses Nisab threshold, irrespective of the fact whether you’d paid Zakat on the same wealth last year. Please find summarized law of Zakat here: Discussion 4133 • Reply 4136 2) There can be difference of opinion on whether Zakat percentage should be applied on amount only above Nisab threshold or on the whole amount as soon as it crosses the Nisab threshold. Please see these responses of Ghamidi Sahab in this regard: Discussion 988 • Reply 31187 Discussion 988 • Reply 36937