Is zakat due on the principal amount or the total amount of money deposited in the bank, and is zakat obligatory on the father or the son if the father deposits money in his son's name?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the father transferred the money in the bank to his daughter's name, intending to make her its owner, then is obligatory upon her. However, if he did not intend to make her its owner, then zakat is obligatory upon him.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/60996
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- Ftawy
- Original fatwa ID
- 60996
- Imported
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