What is the ruling on the zakah of money saved in the bank?
Machine translationRead the Arabic original
Question:
The questioner asks: Is it permissible to pay zakah on money deposited in banks, whether the amount is small or large?
Answer:
Money that reaches the nisab and has been possessed for a lunar year is subject to obligatory zakah, whether it is in banks or elsewhere. Yes.
The questioner asks: Is it permissible to pay zakah on money deposited in banks, whether the amount is small or large?
Answer:
Money that reaches the nisab and has been possessed for a lunar year is subject to obligatory zakah, whether it is in banks or elsewhere. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم زكاة المال المدخر في البنك؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.