Is zakat obligatory on the funds of the state, banks, and companies owned by it?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no due on public funds owned by the state, its banks, and its investment companies, because one of the conditions for Zakat to be obligatory is the existence of an owner for the wealth, and this is not present in public funds.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/55024
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- Ftawy
- Original fatwa ID
- 55024
- Imported
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