Do I have to pay Zakat on my saveshare’s contribution ?

Fatawa Question

I work for BT and I am part of their saveshare scheme. I put in £ 50 every month from my wage towards the saveshare. The money is held by BT for 3 or 5 years. I do not have access to this money during the 3 or 5 years. Do I have to pay Zakat on this ?

Fatwa

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Publisher

al-Qalam Shariah Scholar Panel

Publication Date

2016-06-27

Country of Publication

United Kingdom

Main Subjects

Economics & Business Administration (Multidisciplinary)
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-727138

American Psychological Association (APA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2016-06-27. Do I have to pay Zakat on my saveshare’s contribution ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727138

Modern Language Association (MLA)

al-Qalam Shariah Scholar Panel (Manchester, England). Do I have to pay Zakat on my saveshare’s contribution ?. Manchester England : al-Qalam Shariah Scholar Panel. 2016-06-27.
https://search.emarefa.net/detail/BIM-727138

American Medical Association (AMA)

al-Qalam Shariah Scholar Panel (Manchester, England). 2016-06-27. Do I have to pay Zakat on my saveshare’s contribution ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-727138