Prayers & Duties >> Zakat & Charity
Question ID: 40970Country: India
Answer ID: 40970
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 1423/L=521/TL=1433) (1) After paying the zakah of first year if there were one lakh rupees in your account then the next year too zakah shall be wajib on this amount though this amount was received to you after six months. (2) Right now there is no zakah on PF. After sixty years when you will receive this amount then zakah shall be wajib on it provided the conditions which make zakah wajib are available. (3) Get the details of the capital amount and profit whatsoever and pay your zakah accordingly. (4) The ruling of interest money is that it should be given in charity to the poor and needy ones without the intention of reward.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India