Have you purified your wealth with zakat?
Republished from Ustaz Haniff’s Facebook with his kind permission. Edited by Perdaus and translated by Azma Abu Basri.
Ask Ustaz Haniff #2: Zakat on Fixed Deposits
Query:
I have a fixed/term deposit account. Can I use cash from my savings account to pay zakat for the former, or do I have to use money from the fixed deposit account itself?
Response:
You have two options:
1. To pay zakat for the fixed deposit account (if the amount has reached the zakat threshold) using cash from other savings source, or
2. Wait for the end of the term of the fixed deposit, and use the money from this account to pay the accumulated outstanding zakat, just like how zakat on CPF is done. [Editor: link to calculate zakat for your CPF here]
If the zakat amount for the fixed deposit account is not too overwhelming, and savings from other account(s) is sufficient to cover the payment of zakat, option 1 is preferable as it expedites the fulfilment of zakat obligation.
In situations where the zakat amount for the fixed deposit account is too big and/or there are no other savings source to pay zakat for the fixed deposit account, option 2 may be selected.
Tanya Ustaz Haniff #2: Zakat akaun deposit tetap (fixed deposit)
Soalan:
Saya ada akaun deposit tetap (fixed/term deposit). Boleh tak saya bayar zakat gunakan wang dari akaun simpanan biasa? Atau haruskah saya gunakan wang dari akaun fixed deposit itu sendiri?
Jawapan:
Anda ada dua pilihan:
1. Bayar zakat bagi wang yg disimpan dalam fixed deposit (jika cukup syarat zakat) menggunakan wang dari simpanan lain, atau,
2. Tunggu hingga tempoh fixed deposit, lalu menggunakannya untuk membayar zakat yang tertunggak sebagaimana cara pembayaran zakat CPF. [Editor: Pautan untuk membantu anda membuat kiraan bagi zakat CPF]
Jika kadar zakat bagi wang dalam fixed deposit tidak begitu banyak dan wang simpanan dalam akaun lain boleh menampungnya, pilihan 1 adalah lebih baik kerana ia menyegerakan penunaian kewajipan.
Terdapat situasi di mana kadar zakat dalam fixed deposit besar atau seseorang itu tidak mempunyai simpanan lain untuk membayar zakat bagi wang deposit, maka pilihan 2 boleh digunapakai.