Darul Ifta, Darul Uloom Azaadville

Zakaat On Savings

· 10 Jumada II 1443 AH1 min readEnglish

Question

I live with my parents and i’m working also. Whatever salary I get, I save that. and so, I do not have to pay for any other expenses. 1 year has passed and the savings are still in my possession. I would like to know whether i’m liable to pay?

Answer

If you are Baaligh and have maintained the Nisaab for a complete lunar year from the point of acquiring the Nisaab (for the very first time) then yes, you are liable to pay Zakaat on your savings.

Approved by
Mufti Muhammed Saeed Motara Saheb D.B.
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Source: Darul Ifta, Darul Uloom Azaadville — https://www.iftadua.co.za/zakaat-on-savings/12001/
Fatawa SA: https://fatawa.co.za/fatwa/azaadville-12001

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