Is it permissible to give 10% of the deposited salary profits as an annual Zakat instead of 2.5% of the principal amount, especially if the entire amount will be spent soon on buying and furnishing an apartment?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the money in the bank reaches the (threshold) and a full hawl (lunar year) passes over it, then is obligatory on both the principal and the profit, at a rate of 2.5% (one-quarter of a tenth). It is not sufficient to give 10% of the profits only. If the bank is interest-based (ribawi), zakat is obligatory only on the principal amount. The interest-based profits must be disposed of by giving them to the poor and needy, along with repenting and withdrawing the money from the bank.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/52868
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- Ftawy
- Original fatwa ID
- 52868
- 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