DarulFiqh
WhatsApp
Requires detailWorship · Zakat

Is Zakat due on money saved to buy a house?

Answered by Mufti Faraz Adam · · 23 Dhuʻl-Hijjah 1442 AH

The answer

According to the Hanafi school, money saved at present to purchase a house in the future are currently subject to Zakat.

In short: Zakat is due on money saved for a house.

And Allah knows best.

Mufti Faraz Adam

Based on the Hanafi school and on the question as it was asked. Another mufti may reach a different conclusion. Read the disclaimer.

Read next.

PermissibleZakat

Is a Deposit for a House Purchase Deductible for Zakat Purposes?

Cash set aside for completing a house purchase already sold subject to contract is not zakatable.

Reviewed by Mufti Faraz Adam Requires detailZakat

Zakat on HMRC Refund

An expected HMRC tax refund is a discretionary gift in Shariah and is not zakatable until you receive it.

Reviewed by Mufti Faraz Adam

Still unsure? Ask your question.

Every answer is written or reviewed by Mufti Faraz Adam. Ask in your own words, with the details that matter.

Ask a question → WhatsApp