Is zakaat payable on savings and cash?

“Yes, it is permissible for you to help her pay her rent with zakaat money. You can either give her the money to pay it herself or you can pay it on her behalf. In this case where you pay it directly on her behalf, you should first take her permission before paying the money to her landlord.”

“Giving zakat in kind (such as groceries, clothes, books, or other items) instead of cash is also permissible. However, giving in cash is more preferable, as it is generally more beneficial for the poor, allowing them to purchase what they need according to their own circumstances.”

“In the queried scenario, Zakaat will be paid on the R240 000, as the money was received before your Zakaat date. It will be best to request the employer to pays the advance salary for just three months at a time instead of twelve months.”

“1. The money that you have saved in your ISA account is still regarded to be your money. However, the £450 that you owe to the credit card company will be regarded as a debt upon you. Therefore, it will be deducted from your total assets when calculating Zakat.”