Is zakah obligatory on money saved to buy a residence?
Machine translationRead the Arabic original
Question:
We received this question, Honorable Shaykh. The questioner says: I bought an apartment 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's price in the bank. Is zakah obligatory on the saved amount?
Answer:
Yes, if a lunar year has passed over it, then zakah is obligatory on it because it is your property and your money. Yes.
We received this question, Honorable Shaykh. The questioner says: I bought an apartment 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's price in the bank. Is zakah obligatory on the saved amount?
Answer:
Yes, if a lunar year has passed over it, then zakah is obligatory on it because it is your property and your money. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [4426] هل تجب الزكاة في المال المدَّخر لشراء مسكن؟ - صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.