Please note: this fatwa has been translated by artificial intelligence.

Zakat on Money Intended for Buying an Apartment in the Future

Question
Is it necessary to pay Zakat on money if it has reached the nisab but a year has not passed, while this amount is saved for buying an apartment after a year or two?
Answer
I say, and with God's help: When wealth reaches the nisab and a year has passed, its zakat must be paid, even if it is saved for a purpose such as a house, marriage, or otherwise. And God knows best.
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