Q: I would like to know whether I have to pay Zakat on money that is in my account that offsets my mortgage i.e. I have an offset mortgage which means I only pay interest on the slice of debt above my saving balance. Jzk
A: Zakat is due on the money in the savings account.
And Allah knows best.
Mufti Faraz Adam
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Published on: 12 / 04 / 2018