Zakaat Q&A (15/26)

7 Jul 2014 · 10 Ramadan 1435 AH1 min readEnglish

Question

Is Zakāt binding on cash in a bank account?

Answer

Zakāt is obligatory on all cash whether in one’s physical possession or in a bank account.

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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Jamiatul Ulama KZN — https://jamiat.org.za/zakaat-qa-2/
Fatawa SA: https://fatawa.co.za/fatwa/jamiat-12564-15

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