How do I calculate Zakah for previous missed years?
Answered by Sh. Mustafa Umar1 min read
Short answer
Check your old bank statements and records to make an estimate of your total savings each year, starting with the earliest year first.
Related questions
Do I have to pay Zakah on gold and silver jewelry?
If the gold and silver jewelry is for resale or is used as an investment and never worn, then you must pay Zakah on it every year. If the jewelry is worn regularly, then you do not have to pay Zakah on it (but it is better to do so anyways because scholars differ and because it helps the poor).
Do I get more reward for paying Zakah in Ramadan?
No, because it is due after one lunar year and that timing varies for people. So it would be unfair for whoever has Zakah due outside Ramadan.
Can I spread out Zakah payments over time?
No, because Zakah is due on a specific day, and delaying it would be sinful, just like delaying prayer. However, you can pay earlier so all your Zakah is paid by your due date.
Can I subtract the amount I owe in taxes when calculating Zakah?
Yes, if your taxes have not been paid yet and you know exactly how much they will be. The general principle is that the calendar tax year is Jan 1st to Dec 31st and you have about four months to pay it. If you have not paid your taxes yet, it can be deducted from your Zakah calculation as a debt you owe, but if you have paid your taxes then it cannot be deducted.