Is zakat obligatory on a financial deposit designated for repaying a loan, knowing that it is part of the debt and does not cover it entirely, if a year has passed over it?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
You must repent to Allah Almighty for borrowing with usury, and for depositing money in a usurious bank if it is such. You should strive to get rid of the usurious loan and withdraw your deposit from the usurious bank and invest it in a permissible matter. is obligatory on the deposited money because it is still in your possession. If the debt reduces the , then there is no zakat, but if it does not reduce it, then zakat is obligatory on what exceeds it.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/34024
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 34024
- 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