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Zakāt & charity

How much zakāt is due on savings?

Answer

One fortieth — 2.5 % — of wealth that has reached the niṣāb and been held for a lunar year. The Prophet ﷺ set the rate on silver and gold, from which the classical schools derived the modern calculation.

Source: Sunan Abi Dawud 1572 · Sahih al-Bukhari 1454

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Schools of law

Zakāt & charity

These are general explanations, not a fatwa. For your personal situation ask a qualified scholar you trust.

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