Zakat on cash kept as collateral Q: Zakat on cash kept as collateral A: Money which has been kept as a collateral is not Zakatable if it has not been invested on behalf of the owner.And Allah knows best Approved by Mufti Amjad 13th August 2023 Author: [email protected] Was this article helpful? Share: Previous Article Previous Article Next Article Next Article Related articles Zakatable assets Zakat on employer issued RSU’s Keep reading Zakatable assets Which business assets do I need to pay Zakat on? Keep reading Zakatable assets Do you pay Zakat on metals? Keep reading Helping you bring Zakat to life where you live. GIVE ZAKAT APPLY FOR HELP
