How is the Zakat on money calculated for investment certificates with a quarterly return that have completed a full year (hawl), knowing that it is currently not possible to invest the money outside of banks?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
If the profit results from usurious transactions, it is illicit wealth that must be disposed of by spending it on the welfare of Muslims, and it is not permissible to pay on it. However, if it results from lawful transactions in an Islamic bank, then zakat is obligatory on both the profit and the principal capital every lunar year.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/161013
Where this answer came from
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- Ftawy
- Original fatwa ID
- 161013
- 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