The Ruling on Zakat for Savings in a Savings Account

Question
What is the ruling on the Zakat of the savings money in the bank for building a house, knowing that the amount is 40,000 shekels, which is approximately 7,000 Jordanian dinars?
Answer
I say, and with God's help: Yes, its zakat is obligatory upon you; for it has reached the nisab, and God knows best.
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