Gold Nisab | Silver Nisab | Mahr Fatimi |
---|---|---|
$5510.53 | $455.96 | $1139.91 |
Requesting Fatwa on Khula
Leftover food after lunch/dinner at...
Loyalty membership
Fidyah for qadha salah for my 93...
Dream interpretation
Dream
مکرہ کی تحریر ی طلاق پر زبردستی بغیر...
Husband is not talking since 1 month
Business Dealing
Wet Dream
Thank you for your time.
JazakAllah Ho Khairan.
الجواب وبالله التوفيق
1- It is mandatory for you to pay Zakat on the money saved in your 401K. This Zakat will be paid only on the money you are contributing towards the total. The Zakat on the rest of the money contributed by your employer will be paid once that portion is in your actual possession.
2- The Zakat will be paid on all the money, the condition for elapsing one whole year is only for the very first time one is becoming liable to discharge their Zakat. Once the whole year elapsed and Zakat became mandatory on you, you will have to include the rest of the money as well to pay Zakat on the total. The method you have adopted to calculate Zakat is incorrect.
واللہ اعلم بالصواب