{"id":37173,"date":"2019-01-31T11:52:53","date_gmt":"2019-01-31T03:52:53","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=37173"},"modified":"2019-02-13T11:47:12","modified_gmt":"2019-02-13T03:47:12","slug":"childrens-savings-nisab-value-subject-zakat-payments","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/childrens-savings-nisab-value-subject-zakat-payments","title":{"rendered":"Children&#8217;s Savings Above Nisab Value Are Subject To Zakat Payments"},"content":{"rendered":"<p>Muslims wondering how much zakat to pay should take note that their children are also expected to contribute to the tithe.<\/p>\n<p>Ahmad Husni Abdul Rahman, assistant manager of the Shariah and Special Information Unit of the Federal Territory Islamic Council\u2019s Zakat Collection Centre (PPZ-MAIWP), said that many are still unaware of the requirement. Blaming it on the lack of information around the different types of zakat.<\/p>\n<p>On the whole, children with savings above the nisab value are expected to pay zakat according to the rate set by the\u00a0PPZ-MAIWP. The rate this year is set at 2.5%, while the nisab value has been determined to be\u00a0RM13,968.<\/p>\n<p>Seeing that children are usually unable to pay the zakat, it can be done for them through their parents or guardians.<\/p>\n<p>Ahmad Husni clarified that this requirement is not specific to children, and applies to all muslims.<\/p>\n<p>The nisab amount covers all savings accounts; which is calculated cumulatively. Which indicates that parents should be aware of the total savings that they have set up for their children.<\/p>\n<p><a href=\"https:\/\/www.malaymail.com\/news\/malaysia\/2019\/01\/30\/yes-your-kids-savings-above-nisab-value-are-subject-to-zakat-payments\/1717925\" target=\"_blank\">[Source]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not many parents are aware of this requirement.<\/p>\n","protected":false},"author":36,"featured_media":35201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[377],"class_list":["post-37173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","tag-zakat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Children&#039;s Savings Above Nisab Value Are Subject To Zakat Payments<\/title>\n<meta name=\"description\" content=\"Parents should take note if they have saved more than RM13,968 for their children. 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