October 21, 2021

Zakaat on money set aside for purchasing a house

Question

(#006)

I have set aside some money for purchasing a house which I intend to purchase after the date I normally give Zakaat, do I have to give Zakaat on this money as well?

Answer

بسم الله الرحمن الرحيم

السلام عليكم و رحمة الله و بركاته

حامدا و مصليا و مسلما

Muhtaram

We have received your query with regards to Zakaat, our response is as follows:

If your Zakaat is due on e.g. 20th of Ramadhaan then you will give Zakaat on the entire amount which is in your possession on the 20th of Ramadhaan even though you have designated and set aside a portion of that wealth in order to buy a house. If any wealth comes into your possession after the Zakaat date, then you will not be obliged to include it in the calculation of the Zakaat. However, if a person does decide to give Zakaat for it in advance it will be permissible.

[1] {See: Ad-Durrul Mukhtaar vol. 2 pg. 293, Fataawa Alamghiri vol. 1 pg. 176 Kitaab-uz-Zakaat- Aap ke Masaail aur Unka Hal vol. 5 pg. 103, Maktabah Ludhyanwi}

And Allah Ta’ala knows best

(Mufti) Muhammad Irshad Motara

6th Ramadan 1441

30th April 2020

Leave a Reply

Your email address will not be published. Required fields are marked *