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Zakat On Emergency Fund
Is there a zakat on emergency savings? Like for medical problems?
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2 Replies
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Zakat On Emergency Fund
updated 4 years, 3 months ago
2 Members
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2
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If you consider it savings then you owe zakat on it, but if you have saved it for a particular purpose e.g. child’s education then it’s exempt. How you categorize “emergency fund” is up to you.
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