Category: Zakat
Fatwa#: 21428
Asked Country: Singapore

Answered Date: Jul 15,2012

Title: Do I have to pay Zakaat on money kept in the bank?


Assalamo Alaikum

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.[1]

And Allah Ta’āla Knows Best

Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.


 1 و سببه أي سبب افتراضها ملك نصاب حولي تام (الدر المختار، ج 2، ص 259، ايج ايم سعيد)

مالك لنصاب من نقد و لو تبرا (نور الايضاح، ص 209)

DISCLAIMER - questions answers issues pertaining to Shar'ah. Thereafter, these questions and answers are placed for public view on for educational purposes. However, many of these answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation or another environment. bears no responsibility with regards to these questions being used out of their intended context.
  • The Shar's ruling herein given is based specifically on the question posed and should be read in conjunction with the question.
  • bears no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of
  • Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.