Is zakat obligatory on money saved for building a house, while also having a debt to an Islamic bank to finance the purchase of the land?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If you have other money in excess of your needs, it will be deducted to offset your debt. then becomes obligatory on the wealth that reaches the upon the completion of its hawl (lunar year). However, if you do not have other money, the debt will be deducted from the amount. If what remains reaches the nisab, then Zakat is due on it upon the completion of its hawl; otherwise, there is no Zakat.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/151289
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 151289
- 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