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The question

Is zakat obligatory on the principal amount deposited in an Islamic bank, or only on the monthly profits generated from it, knowing that these profits are the primary source for covering living expenses and the principal amount has completed its hawl (one lunar year)?

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Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

is obligatory on the principal amount of invested capital if it reaches the , and it is to be paid every time a lunar year passes over it. Zakat is also obligatory on its remaining profits, and these profits are to be paid along with the principal amount, as they are an increment to it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
185557
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.
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Read the full answer on Ftawy