[Zakah on additional savings]
Fatawa Question
As-Salam `Alaykum ! I wanted to ask you that if a person's savings is based on salary then what would be the Zakah. If on 1st Ramadan he has 1000 dollars and saves 500 dollars every month and reaches to 7000 savings at the end of the year. Still he has to pay Zakah on 7000 even though that amount wasn't in the savings throughout the lunar year but only in the end.
Fatwa
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Publication Date
2008-03-12
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-732843
American Psychological Association (APA)
Qahf, Mundhir. 2008-03-12. [Zakah on additional savings]. .
https://search.emarefa.net/detail/BIM-732843
Modern Language Association (MLA)
Qahf, Mundhir. [Zakah on additional savings]. 2008-03-12.
https://search.emarefa.net/detail/BIM-732843
American Medical Association (AMA)
Qahf, Mundhir. 2008-03-12. [Zakah on additional savings].
https://search.emarefa.net/detail/BIM-732843
