Home » Hanafi Fiqh » Darulifta-Deoband.com » Is zakah wajib on Zaid for his LIC policy?
Answer
(Fatwa: 1689/1326/B=1433)
Yes, Zaid will have to pay the zakah on his deposited capital amount.
Allah (Subhana Wa Ta’ala) 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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