Zakat on savings of less than a year


Is Zakat applicable on savings that has been in the bank less than a year.


If one has not yet possessed his wealth for one lunar year, he can still pay Zakat but needs to consider present/future liabilities.

Imam Senad Agić
SABAH – Chicago
9920 Grand Ave
Franklin Park IL 60131

This entry was posted in Zakat & Sadaqah and tagged , . Bookmark the permalink.

Comments are closed.