What is the ruling on profits generated from mixed investment funds (stocks and bonds) granted by the Libyan state as an alternative to wealth, and is Zakat obligatory upon them? If so, what is its amount, and is it obligatory on the portfolio's value and profits, or on the portfolio only, or on the profits only?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to participate in interest-based (usurious) funds. is obligatory on their capital and permissible profits at a rate of one-quarter of one-tenth (2.5%) after disposing of the usurious interest. As for the usurious interest, it must be spent on the general welfare of Muslims or given to the poor and needy.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 87057
- Imported
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