Yes, so far the money is more than a certain minimum limit.
yes of course so far you keep this gold as equivalent to money saving and not just for woman normal use.
yes imprudent
each year , .02% of your remained money (remaines money for a whole year or Profits)
zakat will be obligatory for adult muslim if his money increase some rate for one year , it will changed as your country changed example : if zakat rate is 4000$ so if these 4000$ still with you for one year so you have to pay from them 2.5% - > 100$ .
Few points - It is the "right" of the poor people to get zakat from the rich. The rich are not doing them any favour. The rich have to obey the orders of Allah. This means that poor should not be ashmed to take zakat. - The poor is doing favour by accepting the zakat and not the other way round. Another reason why poor should not be ashmed to take zakat. - Zakat can be given any time of the year but its calculation should be kept at the same time of year. maybe January 2nd of every year or say 1st Ramadhan of every year etc. - People give Zakat in Ramadhan only because you get more blesssings from Allah during that month. Its not mandatory to give zakat only in Ramadhan. It is only mandatory to finish giving before eid. - There are many people who keep giving zakat all round the year because of many reasons 1) they don't want to say no if deserving person is in need 2) the zakat amount is huge so they ease the burden by giving it slowly over the year.
yes if he save money equivalent to 85 grams of gold or more and pass over this money one year
Zakat is required to be paid by those who own wealth for a minimum of 85g pure gold or 595g pure silver or money equivalent to this gold/silver for one full year. Accordingly, they pay 2.5 % of what he/she owns of gold/silver or money to the poor people.
Muslims are required to pay Zakat Almal (charity on money) for those who own wealth for a minimum of 85g pure gold or 595g pure silver or money equivalent to this gold/silver for one full lunar year. (Hijra Islamic calendar year). Accordingly, they pay 2.5 % of what he/she owns of gold/silver or money to the poor people. There are other zakat types to be referred to on other Islamic sites for details.
Zakat. This means 'charity' or 'giving'. Every year, Muslims give 2.5% of their income to charity, and because Zakat is one of the Five Pillars of Islam, it implies quite a lot to Muslims.
Charty in Islam is called "sadaqa" If it is given by Muslims as a good action any time and any where or "Zakat" which is the compolsory one given by rich persons every year to official zakat collectors, if available, in order to distribut it in organized way otherwise it can be given directly to charitable people. Zakat value is equal to 2.5% of of the value of what you owned as a saving and still with you since one year, if those savings reaches a cetain minimum. During the time of Khalifa Omar Ibn Abdel Aziz, Zakat system was perfectly applied officialy and after a period of time the zakat distributors could not find to whom they give zakat. That money was then used to build hospitals, schools, and many public establishments. Many more can be found about Zakat in Islam literature, which available in the web.
Answer from website: http://www.khalidzaheer.com/qa/709Our understanding is that the law of Zakat given to us by the Prophet, has three categories: Zakat on livestock, production, and wealth. The details of each one of these categories is different. Zakat on wealth is applicable on all assets that are not in our daily use provided their combined value is more than the minimum threshold of nisaab . If there were exceptions to this rule during the times of the companions, there must have been reasons accompanying those exceptions. For example, in the case of land, it was either agricultural land that they had in their ownership, on which Zakat was paid in the form of Ushr or they had land which didn't carry value the way it does today. Even if land did carry value, it wasn't expressed in the form of price the way it is done now. Since plots of land in excess of one's need are very much a part of the total wealth people own today and they know their precise value, calculating Zakat to be paid on them is no problem today. There is no reason why Zakat shouldn't be paid on them today. It doesn't make religious sense that wealth owned in the form of gold and silver should be subject to Zakat but the same value stored in the form of plots should be exempt. God Almighty is neither against gold or silver nor is He in favour of land. He wants us to pay 2.5% Zakat every year on allwealth we own. And it is only He who knows the best.For example: http://www.islamicvoice.com/December.98/zakat.htmWhether Zakat is Obligatory on PlotsQ.2. I had purchased 3 plots of land five years back, one for constructing a house to live in, second one for constructing shops and the third one for selling it. Have I to pay Zakat on all these every year? If I have to pay, is it to be paid on the cost of their purchase or according to the value of land every year as it varies?Ans. Of the three plots, you have purchased, one is for the purpose of constructing a house to live in , on the price of that plot Zakat is exempted. You have to pay Zakat on the other two plots every year as per the market value each year. For example, if you have purchased the plot for Rs.50,000/= and now the market value of that plot is one lakh rupees, you have to pay Zakat on the amount equivalent to one lakh rupees only.Conclusion:If the intent is to own a plot for building a house for personal use in the future then Zakat is not obligatory on that plot. If plot is intended as an investment and for sale in the future when the market value is profitable, then zakat is obligatory on that plot for every year it remains under your ownership and to be calculated as 2.5% of the market value at the time of paying zakat.
There are two types of zakat: Zakat al-Fitr is distributed at the end of Ramadan. The amount is based on the number of dependents in the household. The purpose of it is to provide the poor with food for the feast. Ideally it is paid in the form of food, rather than cash. The other type of zakat is a percentage of a person's financial holdings throughout the year, and it must be paid once a year, although a person can any date he/she likes. Many people also like to pay this form of zakat in Ramadan, because acts of worship performed in Ramadan earn greater rewards. There are two types of zakat: Zakat al-Fitr is distributed at the end of Ramadan. The amount is based on the number of dependents in the household. The purpose of it is to provide the poor with food for the feast. Ideally it is paid in the form of food, rather than cash. The other type of zakat is a percentage of a person's financial holdings throughout the year, and it must be paid once a year, although a person can any date he/she likes. Many people also like to pay this form of zakat in Ramadan, because acts of worship performed in Ramadan earn greater rewards.