Zakah on Money Reserved for 
Buying Personal Items
 
 
    Question: I have collected some money to buy a flat? At the moment I am in the process of surveying. In the meantime, my Zakah paying date has arrived. My question is: Is this money liable to Zakah?
    Answer: You must be knowing that according to the established Sunnah of the Prophet (sws) items of personal use as house, car, etc are exempt from Zakah. However, if you are yet to make such a deal and your Zakah paying date arrives, then you must pay the Zakah of this reserved money. The simple reason is that the currency reserved to buy such an asset is yet to be converted into that asset.
 
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