Recently I sold house and kept money in bank. Intention of keeping money in bank to buy house for own living purpose . I have no own house in at the moment. Do I need to pay Zakat for that amount which I kept in bank? please advise.
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
It is obligatory to pay Zakaat on the money kept in the bank.
And Allah Ta’āla Knows Best
Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.