Answered according to Hanafi Fiqh by
I have been paying zakah during the holy months of Ramadan on gold and Jewelleries held by my family. I have returned to my home country after my retirement and do not have pension payment scheme and any kind of other source of income but I have saved funds during my job to meet with my future expenses, now these funds are being used to meet my day to day expenses.
Please let me know urgently whether payment of zakah is applicable keeping in view the above elaborated situation.

بسم الله الرحمن الرحيم

(Fatwa: 1148/898/D=10/1434)

It is wajib on you to pay 2.5% zakah after completing one year on the cash available in your fund or other cash, gold and silver which you own. Zakah shall be wajib on the amount of fund so long as it is in form of cash though it is meant for future expenses.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband


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