Dr. Monzer Kahf, a prominent economist and counselor states: It is difficult to give a general ruling without taking every matter into consideration. However, the rule is: any amount that is committed or contracted for payment of future expenses is not subject to Zakah, it if is only reserve on expectation, not contracted, it is then subject to Zakah.”
Zakah on amanat
Did you like this content?
Recommended
Islamic View on Marrying Cousins
Istikharah prayer on marriage: signs of response
Planning for Future & Belief in the Unseen: Incompatible?
Why should anyone choose Islam?
Unique Features of Islam
Understanding Self-Worth and Patience in the Face of Adversity: A Spiritual Perspective
The Authority of the Sunnah
Guide for Righteous Merchants
Use of Power and Its Relation to Corruption in Islam
Why Islam Forbids Homosexuality
Top Reading