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  • Zakat On Insurance Amount

    Posted by Tabinda Khawaja on March 18, 2023 at 12:34 am

    Salam every year I submitted som money to life insurance of pakistan . It’s been 12 years every year I gave money . Whatever in 12 years I have given . Do I consider it as my saving n give zakat . Although y i didn’t get anything from there yet… in addition

    Tabinda Khawaja replied 1 year ago 2 Members · 3 Replies
  • 3 Replies
  • Zakat On Insurance Amount

    Tabinda Khawaja updated 1 year ago 2 Members · 3 Replies
  • Umer

    Moderator March 19, 2023 at 5:41 pm

    The principle is that for zakat to be due on an asset, it has to be at one’s disposal (tassaruf). If an asset is contractually tied up, as in the example of insurance, then zakat doesn’t become due until distribution.

    For further details, please refer to the video below from 00:47 to 4:01

  • Umer

    Moderator March 19, 2023 at 5:41 pm

    Please also refer to the link below from 30:36 to 32:53

    ilm-o-Hikmat 07-06-2020

  • Tabinda Khawaja

    Member March 19, 2023 at 9:36 pm

    JazakAllah …. Khair

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