Is it permissible to deduct the difference between the profits of a deposit in a usurious bank (10%) and an Islamic bank (7%) from zakat on money?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is not permissible to count the difference in usurious interest as part of , because zakat is a right for the deserving and it is not permissible for the zakat payer to benefit from it. Furthermore, usurious interest must be disposed of by spending it on charitable causes with the intention of getting rid of unlawful money, not with the intention of charity.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/52551
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 52551
- 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