Accumulated money kept for a full lunar year
A: Zakah is due on the money saved for these orphans if it reaches the Nisab (the minimum amount on which Zakah is due) after the passing of one lunar year. The fact that these orphan children are indebted to the bank does not exempt them from paying the Zakah due on their money. (Part No. 9; Page No. 272) May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.
The money saved for...
Tags:
Subscribe to our new courses