Question
Is zakat due on bank savings in Korea?
HanafiAnswer
Zakat is due on wealth held for one lunar year that meets nisab. Bank savings in Korea are subject to zakat if nisab is reached. Calculate at 2.5% and distribute to eligible recipients.
References
QURAN
إِنَّمَا الصَّدَقَاتُ لِلْفُقَرَاءِ
Surah At-Tawbah 9:60 — categories of zakat
HADITH
Sahih Bukhari 1395 — zakat on wealth
Grade: Sahih
This is general guidance; consult a local scholar for specific cases.