What should one do who possesses a sum of money and wishes to save it for their children in an Islamic bank, knowing that they are an employee and do not engage in any commercial activity?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to depositing money in Islamic banks as an investment deposit to develop it and avoid the decrease of capital due to , as zakat becomes obligatory on money if it reaches the and a full year has passed on it. It is preferable to develop it through reliable Islamic banks or legitimate with trustworthy individuals.
Summarized from the full answer at Ftawy · imported
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- Original fatwa ID
- 104647
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