Prayers & Duties >> Zakat & Charity
Question ID: 39079Country: India
Answer ID: 39079
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1089/912/B=1433) If the amount deposited in saving or insurance policy is equal to 52.5 tola silver i.e. 26 or 27 thousand or more, then zakah shall be wajib on savings as well.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India