Is zakat due on gold deposited in banks or that which is used, and is zakat due on the gold of a minor?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
is obligatorily due on gold deposited in banks or traded with, by scholarly consensus. It is also obligatory for a girl before puberty according to the majority of scholars. As for gold worn by women as adornment, the majority opinion is that Zakat is not obligatory on it, while the Hanafis and some scholars hold that it is obligatory. Whoever takes a cautious approach, it is better for them. It is obligatory to investigate the institution where the gold is deposited and ensure that it does not deal with usury.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/54728
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- Ftawy
- Original fatwa ID
- 54728
- 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