Jamiatul Ulama KZN

Zakat FAQs (11/19)

· 4 Ramadan 1440 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.

Answered by
Mufti Faraz al-Mahmudi
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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/zakat-faqs/
Fatawa SA: https://fatawa.co.za/fatwa/jamiat-16632-11

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