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Monday, March 29, 2010

Zakaat for Children

Q: I want to save some money for my 5 year old daughter for her future. Do I have to pay zakat on her account?

If you have made your minor daughter the owner of the money, no Zakaat will be paid on that money until she reaches puberty.

If you are still the owner of the money, then you will pay Zakaat on it.

Moulana Yusuf Laher
Checked and approved by: Mufti Siraj Desai