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Zakah on saved money for higher study?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I am amassing money for higher study for around one year. This amount has crossed the nisab. I have no enough money for other purpose except my daily need. Do I have to give zakah on my amassed money which will be used for study?

بسم الله الرحمن الرحيم

(Fatwa: 1302/893/L=11/1434)

Yes, as long as that money is with you and it is equal to nisab then zakah shall be wajib provided the conditions of zakah are met.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

Original Source Link

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

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