Is zakat on money obligatory for money tied up in bank bonds with a quarterly return, which cannot be redeemed except after a specified period?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Bonds are clear and forbidden usury (riba) because they are a loan in exchange for interest. Therefore, bonds in their general form are not permissible, as they are a loan with explicit interest. Those who deal with them must repent to Allah Almighty.
As for their , Zakat is obligatory on them if they reach the and a year has passed over them, and one-quarter of one-tenth (2.5%) should be given. If the bonds cannot be redeemed except after a period of time, then Zakat is not waived for them, but it should be paid for all past years when they are redeemed.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/102127
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- Ftawy
- Original fatwa ID
- 102127
- Imported
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