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The question

Is it permissible to pay the zakat on money invested in a bank from its interest?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

If a bank does not adhere to Islamic , it is impermissible to deal with it or invest money in it, and funds must be withdrawn immediately. is paid on the original capital, not on usurious interest, based on the Almighty's saying: "And if you repent, you may have your principal – [thus] you do no wrong, nor are you wronged." The interest must be disposed of by spending it on general Muslim welfare.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
38010
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.
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Read the full answer on Ftawy