Is zakat obligatory on money in the bank that cannot be withdrawn?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
For to be obligatory, full ownership of the (threshold) is required. If the owner of the wealth is prevented from disposing of it, then there is no zakat on it, because it is like usurped, stolen, or lost property. This applies to money held in a bank that is subject to a hold; there is no zakat due on it, no matter how long it is held. Nevertheless, it is recommended to pay the zakat for one year upon receiving this money.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/13374
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 13374
- 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