Is Zakat obligatory on bank deposits or investment certificates if their returns are used for necessities and no amount reaching the nisab remains from them?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The ruling on bank deposits and investment certificates, and the ruling on their , has been detailed previously in fatwas numbered: 45557, 45580, 43817, and 43093. Zakat is obligatory on zakatable money if it reaches the and a full year has passed over it, regardless of whether its profits are sufficient for needs or not. This is because Zakat is obligatory on the two currencies [gold and silver] and what is equivalent to them if they reach the nisab and a full year has passed over them, even if they are not invested.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/47745
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 47745
- 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