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Musnad Ahmad 1265 (Book 5, Hadith 671) #34897
Zakah and Wealth Accumulation

SUMMARY: Wealth is not subject to zakah until one year has passed.

It was narrated that 'Ali (رضي الله عنه) said: No zakah is due on wealth until one year has passed.
حَدَّثَنَا عَبْد اللَّهِ، حَدَّثَنِي عُثْمَانُ بْنُ أَبِي شَيْبَةَ، حَدَّثَنَا شَرِيكٌ، عَنْ أَبِي إِسْحَاقَ، عَنْ عَاصِمِ بْنِ ضَمْرَةَ، عَنْ عَلِيٍّ، رَضِيَ اللَّهُ عَنْهُ قَالَ لَيْسَ فِي مَالٍ زَكَاةٌ حَتَّى يَحُولَ عَلَيْهِ الْحَوْلُ‏.‏

TOPICS
wealth  *  accumulation  *  zakah

QUICK LESSONS:
Wait at least one year before giving away your wealth as charity; Save money; Be generous; Give away your wealth as charity when the time comes
EXPLANATIONS:
This hadith teaches us that wealth is not subject to zakah until one year has passed. Zakah is a form of charity in Islam which requires Muslims to give a portion of their wealth each year to those in need. This hadith reminds us that we should be patient and wait for at least one year before giving away our wealth as charity. It also encourages us to save our money and accumulate it over time so that we can use it for good causes when the time comes. We should remember that Allah will reward us for our patience and generosity if we are able to give away some of our wealth as charity after accumulating it over time.

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