Is zakat obligatory on money saved for accumulation, or for purchasing a commodity, or for any other reason, and what is its nisab and how is it to be paid?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the saved money reaches the and a year has passed over it, becomes obligatory on it. The nisab for money is the equivalent of 85 grams of gold or 595 grams of silver. The amount of zakat is a quarter of a tenth (2.5%), and this is calculated by dividing the amount by forty. It is not a condition to pay zakat from the exact saved money; rather, it can be paid from other money owned by the muzakki (the one paying 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/138292
Where this answer came from
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- Ftawy
- Original fatwa ID
- 138292
- 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