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The question

Is Zakat due on money invested in an Islamic bank for a period of 3 years annually, or at the end of the investment period by paying the full amount after knowing the outcome?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

is obligatory on investment deposits in Islamic banks, on both the principal and the profits, every year, provided the conditions for Zakat are met, regardless of whether the deposit is long-term or short-term, and whether it has been withdrawn or not.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
100237
Imported
Translation status
Source text, unreviewed
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