Zakat On Savings for some purpose

Answered according to Hanafi Fiqh by
My question is related to zakah. I am saving money from my salary from 10 months by reducing my needs to do some personal work. Is zakah allowed on this saving amount? Please guide.

بسم الله الرحمن الرحيم

(Fatwa: 1150/749/L=9/1434)

If the saving money reaches up to 52.5 tola silver (612.35 gram) and one year passes over it then zakah shall be wajib over it, though you have saved it for your needs.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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