I have money in the bank that I am setting aside so that I can purchase my first home (a flat) without a mortgage. Would I still have to pay Zakat on this? Currently what I do is pay zakat on my salary.

Thanks.

-- Abdul-Hakim (shipsolaris@hotmail.com), January 07, 2003

Answers

yes as long as the money set aside stayed one year.you give 2.5%out of total.

-- ahmad abaad (ahmadabaad@hotmail.com), December 20, 2004.