- 04 Dec 2020, 13:47
#19917
Dear Sheikh
I am a muqallid of sayyid Sistani.
1. Is Zakaat payable on cash/bank savings?
2. If yes, at what rate?
3. When is zakaat payable? At a chosen yearly date? Or whenever cash/bank balance is available?
3. If zakaat is paid once on the cash/bank savings, and the cash remains for another year, is zakaat payable on it again?
Any other rulings that apply on cash/bank balance with reference to zakaat?
I am a muqallid of sayyid Sistani.
1. Is Zakaat payable on cash/bank savings?
2. If yes, at what rate?
3. When is zakaat payable? At a chosen yearly date? Or whenever cash/bank balance is available?
3. If zakaat is paid once on the cash/bank savings, and the cash remains for another year, is zakaat payable on it again?
Any other rulings that apply on cash/bank balance with reference to zakaat?
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- By Fatema.Khimji