Is zakat obligatory on the insurance amount (20 Kuwaiti Dinars) deposited as a non-withdrawable deposit in Kuwait Finance House, and allocated for a building contractor's license?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the money deposited in the finance house is still your property, and its non-withdrawal is temporary, such that this money would be returned to you if you terminated the company's services, then you are obliged to pay on it for every year. You have the choice between paying it annually or delaying it until the money is withdrawn, and then paying the zakat for all past years.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/32592
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 32592
- Imported
- Translation status
- Source text, unreviewed
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- Read the full answer on Ftawy