What is the ruling on bank certificates with prizes, and is zakat obligatory on the prize if it is received at the time of zakat?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It has been previously clarified that dealing with bank certificates is forbidden, and that the return from them, whether it be interest or a prize, is unlawful (). These interests and prizes must be disposed of by spending them on charitable causes and for the benefit of Muslims. They are not subject to , because Zakat is obligatory on lawful wealth, and these are unlawful funds that must be disposed of in the aforementioned ways.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/72178
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- Original fatwa ID
- 72178
- Imported
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