Is Zakat obligatory on money deposited in Islamic banks that invest the money and pay monthly profits?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to deal with Islamic banks in general, and it is permissible to benefit from the profits the bank provides. must be paid on these profits and on the principal amount, according to the শরীʿah conditions for Zakat, unless the bank undertakes to pay Zakat on behalf of the investors.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/172502
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 172502
- 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