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Question ID: 20499
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I have a sum of money invested with a financial institution on which i receive a monthly income on which i live. The sum invested is not invested for any fixed period and can be deinvested at any time by giving 7 days notice. Is zakaat payable on the sum invested?

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Asked on June 22, 2016 10:43 am
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Yes.

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Answered on June 24, 2016 4:40 pm
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