Questions: Is zakah due on the money in the bank that a person withdraws from throughout the year, which decreases and increases? And how does he pay its zakah?
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The questioner : Is zakah due on the money in the bank that a person withdraws from throughout the year, which increases and decreases? And how does he pay its zakah?
The Shaykh : Yes, zakah is due on it. The money in the banks belongs to the person, and zakah is due on it because it is his wealth. Once a lunar year has passed over it, he pays its zakah.
The Shaykh : Yes, zakah is due on it. The money in the banks belongs to the person, and zakah is due on it because it is his wealth. Once a lunar year has passed over it, he pays its zakah.