{"_id":"670712eeb825924c683fcd96","title":"{\"ops\":[{\"attributes\":{\"color\":\"#000000\",\"background\":\"transparent\"},\"insert\":\"Would you be able to provide some clarity on how paying zakat works? I have had some confusion regarding some saying you pay 2.5% on wealth you have held onto for a full lunar year while others say 2.5% on your entire net worth. \"}]}","question":"{\"ops\":[{\"attributes\":{\"color\":\"#000000\",\"background\":\"transparent\"},\"insert\":\"Would you be able to provide some clarity on how paying zakat works? I have had some confusion regarding some saying you pay 2.5% on wealth you have held onto for a full lunar year while others say 2.5% on your entire net worth. How should we go about calculating the zakat each lunar year? \"},{\"insert\":\"\\n\\n\"},{\"attributes\":{\"color\":\"#000000\",\"background\":\"transparent\"},\"insert\":\"For example: If someone had $10,000 in 2022 and then $15,000 in 2023 would they pay 2.5% of $10,000 since that's what they’ve held for a full year? Or 2.5% of $15,000, their total money?\"},{\"insert\":\"\\n\\n\"}]}","answer":"{\"ops\":[{\"attributes\":{\"color\":\"#000000\",\"background\":\"transparent\"},\"insert\":\"I am familiar with both methods you mentioned but the first method (amount owed for a full year) has some gotchas and can get very complicated and cumbersome, so I would strongly advise the second method.\"},{\"insert\":\"\\n\\n\"}]}","tags":[{"_id":"668d9ff50b76658b4c232a40","tag":"Zakat: Al-Mal","count":57}],"createdOn":"2024-10-09T23:34:06.736Z"}