The Ruling on Zakah for Money Deposited in the Bank for Studies
Machine translationRead the Arabic original
Question:
I have a specific amount of money that I deposit in the bank; this is my expense for the next four years or more of my studies. Is zakah due on it?
Answer:
Yes, anything that has completed a lunar year (hawl) is subject to zakah on what is in the bank, provided it reaches the minimum threshold (nisab). Yes.
I have a specific amount of money that I deposit in the bank; this is my expense for the next four years or more of my studies. Is zakah due on it?
Answer:
Yes, anything that has completed a lunar year (hawl) is subject to zakah on what is in the bank, provided it reaches the minimum threshold (nisab). Yes.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.