What should one do who possesses a sum of money and wishes to save it for their children in an Islamic bank, knowing that they are an employee and do not engage in any commercial activity?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
There is no objection to depositing money in Islamic banks as an investment deposit to develop it and avoid the decrease of capital due to , as zakat becomes obligatory on money if it reaches the and a full year has passed on it. It is preferable to develop it through reliable Islamic banks or legitimate with trustworthy individuals.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/104647
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 104647
- 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