Is zakat obligatory on money deposited in an Islamic bank, when its unemployed owner lives off its monthly profits?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the money reaches the [] threshold, is due on it along with its profit at the end of the year [hawl]. It is not permissible for you to take zakat because you possess what suffices you and are capable of working and earning, for zakat is not given to the wealthy nor to the strong and capable of earning.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/47539
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 47539
- 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