Is Zakat obligatory on a frozen bank deposit for three years in an Islamic bank, designated for the purpose of obtaining residency and nationality, and having a variable profit, knowing that the Central Bank guarantees only 5% of the deposit?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on investment deposits and their profits annually because the generated wealth is subject to Zakat along with the principal, as ruled by the Islamic Fiqh Academy. This applies to both long-term and short-term accounts. It is preferable to pay Zakat when the hawl (one lunar year) is completed if the money is available. If that is difficult due to the deposit being frozen, then it is permissible to delay paying it until the money can be withdrawn, and then pay it for all past years.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/174772
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 174772
- 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