Sheikh M. S. Al-Munajjid, a prominent Saudi Muslim lecturer and author, states the following: “Zakah is obligatory on four kinds of wealth: agricultural produce (grain, fruit, etc.); freely-grazing livestock and cattle; gold and silver (and their equivalents in modern currencies and bank-notes) the Zakah on which is 2.5%; and traded goods.
Since the money in scope is paid as a grant, the easiest way for you regarding the payment of Zakah is to wait until one lunar year has passed, then check the bank statement and pay 2.5% (twenty-five out of every thousand) from whatever has not been used.
However, if what is available is only sufficient for day to day expenses and you do not have enough left to reach the level of the nisab (the amount on which Zakah is payable), and a year has passed, then you are not obliged to pay Zakah in this case.”
Students’ Grants: Subject to Zakah?
Did you like this content?
Recommended
Helping People: A Sign of Allah’s Favor
A Pledge with Allah Should Be Esteemed
Abandoning wife’s bed, allowed or not?
Can We Feel Joy While Oppressed Muslims Are Suffering?
Proofs of Muhammad’s Prophethood
A welcome message to new Muslims
Making up for Years of Missed Prayer
Vaginal Discharges and Prayer
Qualities to Look for in a Spouse
Religious Human Rights & the Qur’an
Top Reading