Is the zakat on bank deposit accounts to be paid annually or at the end of the term (ten years)?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
is obligatory on bank deposits if they reach the (minimum threshold) and a full year (hawl) passes on them. It is not permissible to delay its payment. It is not permissible to place deposits in interest-based (usurious) banks. If they have been placed there, they must be withdrawn immediately, and the interest disposed of in charitable causes.
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 45557
- Imported
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- Source text, unreviewed
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