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N.B. Rulings are given in accordance with the Hanafi school of thought

Fatwa - Zakat on money saved for house building

Q: We don't have our own house but we have a plot and some saved money for construction purposes. We understand that we don't have to pay Zakat on a piece of land, but we not sure about the money saved which is still not enough for construction purposes.

A:

If the mentioned funds equal or exceed the amount of Nisab and have been in your possession for one lunar year, or you have them in your possession when you usually calculate your zakat, then you are liable to pay Zakat on these funds.

Mufti Shafiq Jakhura
Iftaa Department, Darul Ihsan Islamic Services Centre

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