Fatwaa ID: 472
Assalamualaikum waramatul lahi wabarkatuhu Sheikh what is the ruling parting a person who had 5million in his serving for a particular purpose not Business can he remove zakat and if yes how much Jazakallahu khair
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.
Your question is not too clear. We presume that you are enquiring about savings and whether they are subject to zakaah. All savings, irrespective of purpose or reason, are subject to zakaah. The general rules would apply. You will add the savings to your zakaah calculation and pay 2.5% of the total, where applicable.
And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
07/04/1444 AH – 01/26/2023 CE | AML1-6966
وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين
Darul Iftaa New York answers questions on issues pertaining to Shari’ah. These questions and answers are placed for public view on askthemufti.us for educational purposes. The rulings given here are based on the questions posed and should be read in conjunction with the questions. Many answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation.
Darul Iftaa New York bears no responsibility with regard to its answers being used out of their intended contexts, nor with regard to any loss or damage that may be caused by acting on its answers or not doing so.
References and links to other websites should not be taken as an endorsement of all contents of those websites.
Answers may not be used as evidence in any court of law without prior written consent of Darul Iftaa New York.