Yahya related to me from Malik that Ibn Shihab said, "The firstperson to deduct zakat from allowances was Muawiya ibn Abi Sufyan."(i.e. the deduction being made automatically) .Malik said,"The agreed sunna with us is that zakat has to be paid on twentydinars (of gold coin), in the same way as it has to be paid on twohundred dirhams (of silver)."Malik said, "There is no zakatto pay on (gold) that is clearly less than twenty dinars (in weight)but if it increases so that by the increase the amount reaches a fulltwenty dinars in weight then zakat has to be paid. Similarly, there isno zakat to pay on (silver) that is clearly less than two hundreddirhams (in weight), but if it increases so that by the increase theamount reaches a full two hundred dirhams in weight then zakat has tobe paid. If it passes the full weight then I think there is zakat topay, whether it be dinars or dirhams." (i.e. the zakat is assessed bythe weight and not the number of the coins.)Malik said,about a man who had one hundred and sixty dirhams by weight, and theexchange rate in his town was eight dirhams to a dinar, that he didnot have to pay any zakat. Zakat had only to be paid on twenty dinarsof gold or two hundred dirhams.Malik said, in the case of aman who acquired five dinars from a transaction or in some other waywhich he then invested in trade, that, as soon as it increased to azakatable amount and then a year elapsed, he had to pay zakat on it,even if the zakatable amount was reached one day before or one dayafter the passing of a year. There was then no zakat to pay on it fromthe day the zakat was taken until a year had elapsed over it.Malik said, in the similar case of a man who had in his possession tendinars which he invested in trade and which reached twenty dinars bythe time one year had elapsed over them, that he paid zakat on themright then and did not wait until a year had elapsed over them,(counting) from the day when they actually reached the zakatableamount. This was because a year had elapsed over the original dinarsand there were now twenty of them in his possession. After that therewas no zakat to pay on them from the day the zakat was paid untilanother year had elapsed over them.Malik said, "What we areagreed upon (here in Madina) regarding income from hiring out slaves,rent from property, and the sums received when a slave buys hisfreedom, is that no zakat is due on any of it, whether great or small,from the day the owner takes possession of it until a year has elapsedover it from the day when the owner takes possession of it."Malik said, in the case of gold and silver which was shared betweentwo co-owners, that zakat was due from any one whose share reachedtwenty dinars of gold, or two hundred dirhams of silver, and that nozakat was due from anyone whose share fell short of this zakatableamount. If all the shares reached the zakatable amount and the shareswere not equally divided, zakat was taken from each man according tothe measure of his share. This applied only when the share of each manamong them reached the zakatable amount, because the Messenger ofAllah, may Allah bless him and grant him peace, had said, "There is nozakat to pay on less than five awaq of silver."Malikcommented, "This is what I prefer most out of what I have heard aboutthe matter."Malik said, "When a man has gold and silverdispersed among various people he must add it all up together and thentake out the zakat due on the total sum ."Malik said, "Nozakat is due from some one who acquires gold or silver until a yearhas elapsed over his acquisition from the day it became his."
USC-MSA web (English) reference: Book 17, Hadith 7
Arabic reference: Book 17, Hadith 587