[Zakah on savings]

Fatawa Question

Assalamu Alaykum! Dear brother, I have been working for the last 32 years. Although Islam says to pay Zakah on your savings / excess on expenditure, but I have been paying 2.5 % or more on my total earnings every year, and still continue to do so. Kindly enlighten me ; do I have to still pay Zakah on my belongings (house, household items, vehicle, gold etc.) which have been assigned to my wife and children, in spite of me still paying on my earnings year by year ? Thank you all.

Fatwa

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Publication Date

2013-01-25

Main Subjects

Religion
Law
Islamic Studies

Topics

• Islamic jurisprudence
• Income
• Money
• Alms tax

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-733636

• APA
• MLA
• AMA