Is buying gold for savings in order to build a house considered hoarding, and is zakat obligatory on it if it has not reached the nisab and a full year has not passed?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to hoarding money if its has been paid. The blameworthy "Kanz" (hoarded treasure) is any money on which Zakat has not been paid. Any money on which Zakat has been paid is not "Kanz," whether it is buried or not. Zakat is not obligatory on gold unless it reaches the (approximately 85 grams of pure gold) and a full lunar year has passed on it.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/108033
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 108033
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy