What is the ruling on zakah for money saved to buy a car?
Machine translationRead the Arabic original
Question:
May Allah reward you. The questioner says: I have an amount of money that exceeds the nisab, and I sold my car to buy another one. After a few months, the time for paying zakah arrived. Is zakah obligatory on the price of the car? May Allah bless you.
Answer:
Zakah is obligatory on money that has been possessed for a lunar year. As for the price of the car, which has not been possessed for a lunar year, there is no zakah on it. There is no zakah on money until a lunar year has passed over it. Yes, but if it were profit from trade, if it were profit from trade, then the profit of trade follows the capital. As for the price of the car, this is independent.
May Allah reward you. The questioner says: I have an amount of money that exceeds the nisab, and I sold my car to buy another one. After a few months, the time for paying zakah arrived. Is zakah obligatory on the price of the car? May Allah bless you.
Answer:
Zakah is obligatory on money that has been possessed for a lunar year. As for the price of the car, which has not been possessed for a lunar year, there is no zakah on it. There is no zakah on money until a lunar year has passed over it. Yes, but if it were profit from trade, if it were profit from trade, then the profit of trade follows the capital. As for the price of the car, this is independent.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم الزكاة في المال المدخر لشراء سيارة؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.