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Question ID: 28386
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Assalamoalaikum… Do we pay Zakaat on Medical Aid Savings Plan-we cannot Cash the money but it can only be used to pay towards our share of medical bills when required-The amount in the savings is paid by us. My son has a Car Allowance from his Employer(firm)-The firm pays a large portion of it and my son pays a portion-the whole instalment is deducted from my sons wages-the firms portion is added to his wage. Should he leave work the whole instalment will be due by him to the Bank – Does he pay Zakaat and how do we work it out. If he does not does he deduct the instalment amount from whatever Zakaatable amount he has to pay on.

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Asked on September 16, 2008 12:00 am
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No - On Medical Aid saving . The instalment paid by him is a liability expendeture - detuctable.
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Answered on September 16, 2008 12:00 am
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