Question ID: 28465
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I wanted to find out if one receives interest money in ones bank account, does Zakaat become payable on the interest money in ones possession? The person does not intend utilizing the money but is going to dispose of this money.

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Asked on September 7, 2008 12:00 am
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Private answer
Interest has to be distributed, once you have decided to do that, no Zakaat payable.
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Answered on September 7, 2008 12:00 am