I am young and saving money for a house and for marriage which I don’t foresee happening within one or two years. Are my excess savings liable for khums?
Yes, your excess savings are subject to khums.
Do I have to pay khums on savings for a future house or marriage if I won’t use the money within a year?
Related Questions
- Can a man wear a wedding ring if it’s not made of gold?
- Is khums applicable to money saved for building a second house in my hometown for family gatherings?
- Can I give kaffara to local charities that help the poor?
- Is khums due on money received from student loans?
- Do I have to pay khums on the house I live in?
- Is it permissible to write with a gold pen?