Is zakat obligatory on a sum of money deposited in a bank for the purpose of buying a house, and upon which a year has passed while it has reached the nisab? And is zakat obligatory on a small house that was bought for the purpose of living in it or benefiting from its increase in price?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Saved money designated for purchasing a home is subject to if a year has passed over it, and the obligatory amount is a quarter of a tenth (2.5%). As for a house you bought for dwelling, or for selling if its value increases, there is no Zakat on it, due to the lack of a firm intention for trade. The condition for Zakat on real estate is that the owner must have firmly intended it for trade.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/119821
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- Ftawy
- Original fatwa ID
- 119821
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy