Do I need to pay the Zakat if I am accumulating money for a needy purpose?
Say, for example, that I desperately need to build a house and to do this I am accumulating money. Say after 1 year I have accumulated 10K dollars but that still wont solve my purpose and the expense I incur to build my house are more than 10K. In that case do I have to pay the Zakat on the 10K that I have accumulating for building my house or is this amount waived off, given that this is not my real savings.
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