On whom Zakaat is Farz

ON WHOM IS ZAKAAT FARZ?

Zakat is Farz upon a person if:

  1. He is a Muslim.
  2. He is an adult.
  3. He is a sane person.
  4. He is a free person – not a slave.
  5. He owns wealth intended for trading to the value of Nisaab.

Furthermore the wealth should be:

  1. Fully owned by him.
  2. In excess of his personal needs (clothing, household furniture, utensils and cars etc. are termed as articles of personal use).
  3. It should be possessed by him for a complete lunar year.
  4. Of a productive nature from which he can derive profit or benefit such as merchandise for business, gold,
    silver, live-stock, etc.
  5. There is no Zakat on effects that are not of a productive nature even if these are in excess of one’s needs,
    such as cars, utensils, furniture etc. if such items are not intended for trade.

NOTE:
Zakat is Farz. Any person who denies it being Farz (compulsory) loses his Iman. However, if he recognizes Zakat being Farz but neglects this duty he will be termed a Faasiq (Transgressor).

Go also to www.islamicbuleltin.com to get your Free Zakat Calculator in excel format: http://www.islamicbulletin.com/services/zakat.htm