How much is the zakat on saved money?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on saved money if it reaches the (minimum threshold) and a full hawl (lunar year) has passed on it. Its amount is a quarter of a tenth (2.5%), meaning twenty-five out of the mentioned amount. If the money is saved with usurious interest, Zakat is obligatory only on its principal, and the interest must be disposed of by spending it on charitable causes, while withdrawing the money unless there is a necessity for its presence, such as fear of its loss and the absence of an Islamic bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/51082
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 51082
- 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