Zakah on money taken from insurance
Machine translationRead the Arabic original
Question:
Abu Ibrahim from Riyadh, yes. Bravo to you. And upon you be peace and the mercy of Allah. The Shaykh, regarding a person who has money from insurance, is there zakah on it or not, and has a lunar year passed over it? Is there another question? No, thank you. Thank you, Abu Ibrahim. Please, Shaykh. He has money that has had a full lunar year pass over it, and it is from insurance. Is there zakah on it?
Answer:
If it reaches the nisab (minimum threshold for zakah) by itself or by adding it to other wealth, and a lunar year has passed over it, then zakah is obligatory on it. Yes.
Abu Ibrahim from Riyadh, yes. Bravo to you. And upon you be peace and the mercy of Allah. The Shaykh, regarding a person who has money from insurance, is there zakah on it or not, and has a lunar year passed over it? Is there another question? No, thank you. Thank you, Abu Ibrahim. Please, Shaykh. He has money that has had a full lunar year pass over it, and it is from insurance. Is there zakah on it?
Answer:
If it reaches the nisab (minimum threshold for zakah) by itself or by adding it to other wealth, and a lunar year has passed over it, then zakah is obligatory on it. Yes.
Source
قناة «مؤسسة الدعوة الخيرية»، فتاوى على الهواء 28-10-1434هـ - الفوزان — youtube.com (42:41)
The Arabic text is a machine transcription of the audio recording.