Skip to content
  • Fatawa Center
  • Search
  • Submit Question
  • All Posts
  • Categories
  • Articles
  • Islamic Finance
  • About

personal savings zakat

Zakah on RRSP (Registered Retirement Savings Plan)

April 18, 2025April 15, 2025 by Dr. Mahmoud Omar

Q1: Do I have to pay zakah on my RRSP or other savings plans like educational savings?A1: Yes, you have to pay zakah if: Q2: But what if I can only access my RRSP funds after many years (like 20–25 years)?A2: If you don’t have full access, zakah is calculated based on the accessible portion … Read more

Leave a comment

Recent Posts

  • Is It Permissible to Take a Conventional Mortgage in Cases of Severe Hardship?
  • Loans for Dental Work: Medical Necessity or Not?
  • Can I create designs for Halloween or Christmas themes?
  • Do I Have to Make Up All My Missed Prayers or Just Repent?
  • Is it Okay to Rejoice at Others’ Misfortunes in Islam?
loader

Subscribe to our Newsletter

© 2025 Fatawa Center • Built with GeneratePress