Home » Hanafi Fiqh » Darulihsan.com » Zakat on money saved for building a house

Zakat on money saved for building a house

Answered as per Hanafi Fiqh by Darulihsan.com

A: Respected Brother/Sister in Islam

As Salaamu Alaykum wa Rahmatullahi Wa Barakaatuh
 
Haamidaw wa Musalliyaa

If the mentioned funds equal or exceed the amount of Nisab and have been in your possession for one lunar year, or you have them in your possession when you usually calculate your Zakat, then you are liable to pay Zakat on these funds.

And Allah Ta’ala Knows Best
 
Was Salaam
                                   
Shafiq Jakhura (Mufti)
Fatwa Dept.

This answer was collected from DarulIhsan.com. It’s the official website of Darul Ihsan, which is an Islamic organisation (PBO) based in Durban, South Africa.

Read answers with similar topics: