Is zakat obligatory on a fixed sum of 10,000 US dollars, which has been held for over three years, allocated for employee savings in the company, and can only be withdrawn at the end of service?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on the aforementioned amount if it reaches the (minimum threshold) by itself or when combined with other assets owned by the employee. Zakat must be calculated for the past three years. This applies if the amount was available for the owner to dispose of. However, if he was unable to withdraw it, then Zakat becomes obligatory on it for one year upon its receipt, according to the of Imam Malik. It is necessary to ensure that the provident fund operates in accordance with guidelines.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/157592
Where this answer came from
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- Ftawy
- Original fatwa ID
- 157592
- 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