Does Zakaat have to be paid on imitation jewellery?
ยท The one year rule applicable to Zakaat is confusing. Should one year pass on every Zakaat asset one acquires before Zakaat becomes compulsory on that asset? How is it possible to keep account for every new addition to ones assets over the entire year? The one year rule applies from the day a person becomes the owner of the Zakaat Nisaab amount which presently is R970. If, for example, you became the owner of this Nisaab on 10th Muharram 1424, and on 10th Muharram 1425 (next year) your Zakaat assets are equal to or more than Nisaab value, then you pay Zakaat on the total amount you have on 10th Muharram 1425. Every asset will not be regarded as a new accrual with its own one year rule. Thus, if you acquire any money or other Zakaat assets just one day before 10th Muharram 1425 (next year), you will pay Zakaat on it the next day when your Zakaat year ends. It will be said that one year has passed on this new accrual inspite of the fact that it was acquired yesterday. Every accrual duri
