The zakah on money accumulated without the intention of trade
Machine translationRead the Arabic original
Question:
Honorable Shaykh, may Allah grant you success. He says: What about money that a person accumulates and keeps with him for a lunar year, and he does not intend to trade with it? Is there zakah on it?
Answer:
Yes. What is required of gold, silver, and paper currency is that if he intends to trade with it when he accumulates it, and it reaches the nisab (minimum threshold for zakah) and a lunar year passes over it, then zakah becomes obligatory on it, whether he intends it for trade, for marriage, for building a house, or something similar. Yes, the important thing is that it reaches the nisab and a lunar year passes over it. Yes.
Honorable Shaykh, may Allah grant you success. He says: What about money that a person accumulates and keeps with him for a lunar year, and he does not intend to trade with it? Is there zakah on it?
Answer:
Yes. What is required of gold, silver, and paper currency is that if he intends to trade with it when he accumulates it, and it reaches the nisab (minimum threshold for zakah) and a lunar year passes over it, then zakah becomes obligatory on it, whether he intends it for trade, for marriage, for building a house, or something similar. Yes, the important thing is that it reaches the nisab and a lunar year passes over it. Yes.
Source
شرح كتاب المنتقى من أخبار المصطفى صلى الله عليه وسلم، بداية من باب ما جاء في قيام الليل — islamhouse.com (1:07:58)
The Arabic text is a machine transcription of the audio recording.