Aselamalykum, i do have 10k USD accumulated in ramedan 2014. i paied zakat in 2015 ramedan for the first time. but the amount remains the same therefore should i pay for the second year zakah in 2016?
1 Answer
The answer is yes. The Zakat is a yearly payment done on the total savings you have if that savings went above the limit "Nisab".
Reference: http://islamqa.info/en/93414