Back to search
The question

Is zakat obligatory on the money of minor orphans deposited in an Islamic bank, which will complete a full year (hawl) after three months, and is the zakat paid from the profits?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

is obligatory on a minor's wealth if it reaches the and a full year has passed over it. The nisab is equivalent to 85 grams of gold or 595 grams of silver. If the wealth is invested, zakat is obligatory on both the principal and its profits. One-quarter of one-tenth (2.5%) of the total should be given at the end of each year. It is permissible to pay this obligatory amount from the principal, or from the profits, or from any other money the minor owns.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
13628
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