Question

Zakat on end of service benefit

233

Question

I'm working here in saudi arabia for 19 yrs.If I'll exit for good,and the company give my end of service benefit,will I pay zakat the moment I receive the amount which above the nisab or I'll wait for a year to pass and pay the zakat?

Related Fatwa

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The entrusted does not guarantee damage unless he has transgressed or was negligent

Wants to Give Zakat Money to His Indebted Brother

Giving Zakat to People Affected by Natural Disasters Such as Earthquake, Flood, and Fire

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The Money of Zakat Is Paid Out to Its Beneficiaries in Cash

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Accepted Answer

All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad is His slave and Messenger.

The Permanent Committee for Fatwa and Scientific Research issued a Fatwa that it is not an obligation to pay Zakat on end of service benefit except if it reaches the Nisaab (minimum amount liable for Zakah) by itself or with other Zakatable money added to it, and provided a whole lunar year elapses from the moment of receiving it.

Allaah Knows best.

Fatwa

Zakat on end of service benefit

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Answer

Related Fatwa

Ruling on Using Fundraising Proceeds for Event Expenses

The entrusted does not guarantee damage unless he has transgressed or was negligent

Wants to Give Zakat Money to His Indebted Brother

Giving Zakat to People Affected by Natural Disasters Such as Earthquake, Flood, and Fire

Zakat on Purchased Property

The Money of Zakat Is Paid Out to Its Beneficiaries in Cash

No Zakaah on money in possession less than lunar year

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