Interest / Riba
Is Zakah Due on Savings, and How Is It Calculated?
Yes. Zakah is 2.5% of savings held for one lunar year that meet or exceed the nisab, which is the value of 85 grams of gold or 595 grams of silver.
• 3 min read
Topic
Zakah
2 articles tagged “Zakah”, drawn from every section of the archive.
Interest / Riba
Can Zakah Be Given to Family Members?
It can be given to eligible relatives who are not your direct dependants — siblings, aunts, uncles, cousins. It cannot be given to those you are obliged to maintain: parents, grandparents, children and grandchildren.
• 3 min read