Should Zakah be paid only once a year?
The early Muslims actually paid Zakah everyday instead of paying in a large bulk once a year. Some scholars have advised that we plan in advance for our Zakah because we might die and our inheritors may not pay the Zakah we owe. Another group of scholars say for businesses, you should pay in advance. The way you would do this is by estimating how much business you will make and pay 2.5 percent. If you decide to pay Zakah daily, give a specific amount to one of the eight categories, but nobody but you and Allah should know that you are giving, since some will feel it demeaning and insulting. Question #7: Should Zakah be paid in Ramadan Most Muslims prefer to give their Zakah in Ramadan because there are more rewards for doing so, but it is not necessary to pay Zakah in this blessed month. Sakr noted that Muslims are in need throughout the year, not just in Ramadan, so we can benefit Muslims by paying other times of the year as well. (Source: Sound Vision) Related link on Islamic finance
