Is Zakat obligatory on money deposited in Islamic banks that invest the money and pay monthly profits?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is permissible to deal with Islamic banks in general, and it is permissible to benefit from the profits the bank provides. must be paid on these profits and on the principal amount, according to the শরীʿah conditions for Zakat, unless the bank undertakes to pay Zakat on behalf of the investors.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 172502
- Imported
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