Is Zakaat binding on cash in a bank account?
Published as FAQ’S Pertaining To Zakaat (11/20)
Question
Is Zakaat binding on cash in a bank account?
Answer
Zakaat is obligatory on all cash whether in one’s physical possession or in a bank account.
Questions about this ruling, answered only from the archive with sources.
Where scholars differ, it’s safer to take the more cautious view.
Fatawa SA is an independent, read-only index of fatawa already published by Jamiatul Ulama KZN. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue
For corrections or mistakes, please email us at fatawasa786@gmail.com.
Source: Jamiatul Ulama KZN — https://jamiat.org.za/faqs-pertaining-to-zakaat-2/
Fatawa SA: https://fatawa.co.za/fatwa/jamiat-28858-11
Related fatawa
Jamiat KZN29 May 2019FAQ’S Pertaining To Zakaat (9/20)Can a husband pay Zakaat on behalf of his wife?- Jamiat KZN29 May 2019FAQ’S Pertaining To Zakaat (5/20)How much will I have to pay?
- Jamiat KZN9 May 2019Zakat FAQs (11/19)Is Zakāt binding on cash in a bank account?
- Jamiat KZN29 May 2019FAQ’S Pertaining To Zakaat (4/20)What is the value of Nisaab?
Ask Imaam25 Apr 2020RAMADHAAN FAQs [PART 1]RAMADHAAN FAQs [PART 1]
Mufti Online11 Mar 2014Marrying a woman with a 11 year old daughterI want to make nikaah with a lady Inshallah and she has a 11 year old daughter, is it ok for me to marry her…