What do I need to know about automatic discounts? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What do I need to know about automatic discounts?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Don't assume the bank automatically deducts zakat.

Steps

  1. Check your account terms and conditions and whether there's an authorization or specific system in place.

  2. Ultimately, zakat depends on your individual circumstances and wealth, so if the bank doesn't automatically deduct it, prepare your data and calculate it accordingly.

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