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Tag: Savings

Are Savings From Salary Due to Zakah

Is Zakah Applicable to Salary Savings?

In case if a person saves some money from his salary each month and at a time it reaches the amount of Nisab for Zakah, how will be Zakah calculated in it?

Paying Zakah on Savings

Paying Zakah on Savings: A Must?

I have been working for the last 32 years. Although Islam urges Muslims to pay Zakah on their savings/excess on expenditure, I have been paying 2.5% or more on my total earnings every year, and still continue to do so. Kindly enlighten me; do I have to still pay Zakah on my belongings (house, household items, vehicle, gold, etc.) which have been assigned to my wife and children although I’m still paying on my earnings year by year?

Got Interest-Based Grant: What to Do?

Wa `alaykum as-salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. Dear brother, thank you for your question. We really commend your concern to purify your income from any unlawful (haram) money, which is …

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