Is zakat obligatory on the funds of the state, banks, and companies owned by it?
Source: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/55024
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 55024
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy