• Islamic Sharia

  Zakat On Emergency Fund

  Posted by Muhammad Fahd Ali on April 9, 2021 at 3:04 pm

  Is there a zakat on emergency savings? Like for medical problems?

  Muhammad Fahd Ali replied 3 years, 11 months ago 2 Members · 2 Replies

  • Zakat
• 2 Replies

• Zakat On Emergency Fund

  Muhammad Fahd Ali updated 3 years, 11 months ago 2 Members · 2 Replies

  Islamic Sharia

  • #Zakat
• 

  Faisal Haroon

  Moderator April 9, 2021 at 3:37 pm

  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.

  • 

    Muhammad Fahd Ali

    Member April 9, 2021 at 3:42 pm

    👍

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