Is zakat obligatory on an amount owed to a retirement fund and deposited in an Islamic bank, knowing that it is not currently required to be paid except upon termination of service?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatory on the aforementioned amount if it reaches the (minimum threshold) and a hawl (full lunar year) passes over it, due to the Prophet's (peace be upon him) saying: "There is no zakat on wealth until a year passes over 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/51887
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 51887
- 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