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?
Zakat 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.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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