How is Zakat paid on 15,000 placed in an investment portfolio within a project affiliated with the Islamic Bank, which stipulates profit and loss, and cannot be withdrawn before two years, knowing that its hawl (one year) will be completed three months from now?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
You must pay on the aforementioned amount as long as it has reached the at the completion of a full year (hawl). It is not a condition that you pay zakat from the exact amount itself. If another year passes and there is a profit, then zakat is obligatory on the original amount and its profit.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/124383
Where this answer came from
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- Ftawy
- Original fatwa ID
- 124383
- 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