Is Zakaat payable on savings in a medical scheme?

Answer

In a medical scheme a certain portion of the member's contribution is set aside in a savings account. This saving belongs to the member. It is with his agreement that he is unable to withdraw it from the savings account. He will take possession of the savings only when he resigns and does not join another fund. This is with his voluntary approval. As such, he has to pay Zakaat on the amount in his savings account in the medical fund.