Is Zakat obligatory on money deposited in an Islamic bank and designated for study and marriage? What is the value of Zakat, and can it be paid in installments from the quarterly profits?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If money reaches the (the equivalent of 85 grams of gold) and a year has passed over it, becomes obligatory on both the principal and the profit. 2.5% of the capital and profits should be given annually, and it is not permissible to delay it to pay it in installments. As for paying zakat in advance before the year is complete, it is permissible, and in this case, it is permissible to pay it in installments.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/54848
Where this answer came from
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- Ftawy
- Original fatwa ID
- 54848
- 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