• Prayers & Duties >> Zakat & Charity

    Question ID: 47545Country: India

    Title: Salary savings to buy flat

    Question: Right now I saved 2, 50,000/- from my salary and we planned to built one more floor in my house before my marriage) by keeping this money and get loan (non interest) about 1, 50, 000 to build house and my salary is about 40,000 rupees per month working in Kuwait. So please tell me I should pay zakah for this amount or not and what is the min. amount required to give zakah.

    Answer ID: 47545

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 1149/894/D=10/1434) Zakah becomes fardh when one has cash equal to the price of 612 gram silver and it becomes wajib to pay 2.5% zakah on completion of the year. So pay 2.5% of the cash which you have. You will have to pay its zakah though you have saved it for your future requirement until it is in the form of cash with you. . But when it is spent in any need then zakah shall no longer remain wajib.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India