The ruling on funds deposited in banks when a lunar year has passed over them
Machine translationRead the Arabic original
Question:
The listener is Umm Nawaf from Riyadh. She asks and says: She has a sum of money, and she placed it in a bank to buy a house for herself, and a lunar year has passed over it. Does she have to pay zakah on it as well?
Answer:
Yes, she has to pay zakah on it. If she placed it in a bank or elsewhere while waiting to buy the house, and then a lunar year passed before she bought it, she has to pay zakah on it. This is because the lunar year was completed while the money was still there, not spent on the house.
The presenter: May Allah reward you with good.
The listener is Umm Nawaf from Riyadh. She asks and says: She has a sum of money, and she placed it in a bank to buy a house for herself, and a lunar year has passed over it. Does she have to pay zakah on it as well?
Answer:
Yes, she has to pay zakah on it. If she placed it in a bank or elsewhere while waiting to buy the house, and then a lunar year passed before she bought it, she has to pay zakah on it. This is because the lunar year was completed while the money was still there, not spent on the house.
The presenter: May Allah reward you with good.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.