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

Zakat on money saved for building a house

zakaatQ.) My question is that we don't have our own house but we have a plot and some saved money for construction purpose. We understand that we don't have to pay Zakat on piece of land but not sure about the money saved that is still not enough for the construction purpose. Please guide us.

 

 

 

A: Respected Brother/Sister in Islam

As Salaamu Alaykum wa Rahmatullahi Wa Barakaatuh
 
Haamidaw wa Musalliyaa

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.

And Allah Ta'ala Knows Best
 
Was Salaam
                                   
Shafiq Jakhura (Mufti)
Fatwa Dept.

 

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