Zakah on construction funds deposited in the bank
Machine translationRead the Arabic original
Question:
This questioner says: I have funds in the bank for building a home for myself and my children, and I do not know how much zakah is due. Is there a sin on me for that?
Answer:
Yes, zakah is obligatory. You should ask the bank for the amount of the balance or balances in it, and you should give one-quarter of one-tenth. Even if you intend to use it to build a house or home for yourself and your children, if a lunar year passes over the money and it reaches the nisab, zakah becomes obligatory on it for whatever purpose it is intended. Yes.
This questioner says: I have funds in the bank for building a home for myself and my children, and I do not know how much zakah is due. Is there a sin on me for that?
Answer:
Yes, zakah is obligatory. You should ask the bank for the amount of the balance or balances in it, and you should give one-quarter of one-tenth. Even if you intend to use it to build a house or home for yourself and your children, if a lunar year passes over the money and it reaches the nisab, zakah becomes obligatory on it for whatever purpose it is intended. Yes.
Source
نور على الدرب - الفوزان - 02/247 — archive.org (7:31)
The Arabic text is a machine transcription of the audio recording.