Question
I have saved some money for my 5 year old son. Is Zakaat payable on his savings?
Answer
According to the Hanafi Math-hab there is no Zakaat payable on the wealth of a nabaaligh. You don't have to pay Zakaat on the savings of your son.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 24 No 03
- PDF page
- 4
Appears under A THEORY OF KUFR (approximate).