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Joe Bradford.

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Stewardship & Charity

Do I pay Zakat on savings only or on my checking account too?

Question: Do I pay Zakat on my Savings only or on my checking account too? Answer: Zakat is due on ANY surplus wealth. It must be more than the Nisab and is in your possession after one year passes. This includes: Savings accounts, checking accounts, actively invested shares or Mutual Funds. It also includes cash […]

June 30, 2015 Joe Bradford
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