Is zakat due on money saved for children in a bank account, upon which a year has passed?
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 lunar year (hawl) passes on it, even if it is for a specific purpose like marriage or buying a house, because zakat becomes due on the money itself. Accordingly, money saved for children is subject to zakat if each child's share reaches the nisab and a full lunar year passes on it. The nisab is equivalent to 85 grams of gold or 595 grams of silver.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/162653
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- Ftawy
- Original fatwa ID
- 162653
- 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