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Subject : Is there zakat on social security savings (retirement benefits)?
Fatwa Number : 1372
Classified : Who is Obliged to Pay Zakah and what is the Amount
Fatwa Type : Summarized Fatawaa

Question :

Is there zakat on social security savings (retirement benefits)?


The Answer :

If the retirement benefits are received, zakat is due on them for one year. Before receiving them, they are not in the person’s possession to be liable for zakat. And Allah Knows Best.






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