9577
12
26 / 06 / 2026
Zakat on the Savings Fund
What is the ruling on zakat for the savings fund as follows: an employee saves 100 dinars every month and cannot withdraw them. After 5 years in the company, he can withdraw half of his savings. Does he owe zakat on half of his savings after 5 years, even if he has not withdrawn them since he is able to withdraw them? And regarding the remaining amount, should he pay zakat only once upon withdrawal, i.e., upon retirement, or does he have to pay zakat every year?
Answer
I say, and with God's success: He must pay zakat on what he takes from his savings every year if it reaches the nisab for each year, and God knows best.
