The Zakah on Money Saved in the Bank
Machine translationRead the Arabic original
Question:
He also has another question. He asks: Is there zakah on money deposited in the bank for savings and not for trade? And if I have not paid zakah for a very long time, what should I do?
Answer:
Yes, there is zakah on it because it is your property, whether it is in the bank or with you. Zakah becomes obligatory on it when the lunar year of possession is completed. If you have not paid zakah for several years, it is obligatory for you to calculate the zakah for those years and pay it to those who are entitled to it, because it is a debt in your liability. Yes.
The presenter:
May Allah reward you.
He also has another question. He asks: Is there zakah on money deposited in the bank for savings and not for trade? And if I have not paid zakah for a very long time, what should I do?
Answer:
Yes, there is zakah on it because it is your property, whether it is in the bank or with you. Zakah becomes obligatory on it when the lunar year of possession is completed. If you have not paid zakah for several years, it is obligatory for you to calculate the zakah for those years and pay it to those who are entitled to it, because it is a debt in your liability. Yes.
The presenter:
May Allah reward you.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (204) لمعالي الشيخ صالح الفوزان بتاريخ [1441-04-29] - كبار العلماء — youtube.com (12:13)
The Arabic text is a machine transcription of the audio recording.