Text copied Link copied

Al-Fatawa – home

﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

Scholar
Search mode

The Ruling on the Zakah of Money Saved to Buy an Apartment

Machine translationRead the Arabic original
Question:
The questioner, Salim from Jeddah, says: Please provide an answer to my question. I am saving a sum of money for the purpose of buying a marital apartment, furnishing it, and other necessities that follow. Is zakah obligatory on this money?

Answer:
Yes, if you have money that reaches the nisab (the minimum threshold for zakah) or more, and a lunar year has passed over it, then zakah is obligatory on it. You must pay out one-fourth of a tenth (2.5 percent) if it reaches the nisab and a lunar year has passed. Even if you intended to use it for a need, such as building a house, getting married, or something else, this does not exempt it from zakah. Yes.
Source الزكاة عن المال المدخر — alfawzan.live

The Arabic text is a machine transcription of the audio recording.

Flag this fatwa