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
Was this article helpful?
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