Is zakat obligatory on a sum of 50,0 EGP deposited in a bank for a son's education, knowing that it is not enough to cover all academic years, and if zakat is obligatory, what is the amount due?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on saved money if a complete year (hawl) has passed over it. Its amount is 2.5% of the saved money. It is not permissible to deposit money in an interest-based bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/46767
Where this answer came from
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- Ftawy
- Original fatwa ID
- 46767
- 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