If a man has wealth that he saves for his own needs and the needs of his family, and he does not trade with it or sell it, but only takes from it when he needs it, is zakah due on it?

The questioner : If a man has wealth that he saves for his own needs and the needs of his family, his home, and his children, and he does not trade with it, nor sell or buy with it, but whenever he encounters a dire necessity, he takes from the wealth what is sufficient for that need, is zakah due on this wealth?

The Shaykh : It is said in this matter that there is a distinction:
If the wealth is of the type subject to zakah, such as gold, silver, or currency, then zakah is due on it in all cases, provided it reaches the nisab.
As for if the wealth consists of items, real estate, or land, and he sells from it whenever he needs to and spends on himself, then there is no zakah on it.