Zakah on the amount saved to pay the price of the apartment
Machine translationRead the Arabic original
Question:
The questioner says: I bought an apartment, Shaykh, for residence, and it is being sold on installments until the construction is completed. I paid the down payment and saved the rest of the apartment price in the bank. Is zakah obligatory on the saved amount or not?
Answer:
Yes, if a lunar year has passed and you have money that reaches the nisab or more, then you must pay zakah on it, whether you saved it to pay off a debt or for some other need, or saved it for savings. Yes.
The questioner says: I bought an apartment, Shaykh, for residence, and it is being sold on installments until the construction is completed. I paid the down payment and saved the rest of the apartment price in the bank. Is zakah obligatory on the saved amount or not?
Answer:
Yes, if a lunar year has passed and you have money that reaches the nisab or more, then you must pay zakah on it, whether you saved it to pay off a debt or for some other need, or saved it for savings. Yes.
Source
نور على الدرب - الفوزان - 03/078 — archive.org (4:50)
The Arabic text is a machine transcription of the audio recording.