The Egyptian Dar Al Iftaa published a fatwa on the official page on the social networking site “Facebook” about zakat on the money saved in the bank, stressing that if the money saved in the bank has reached the legal quorum for the money in which zakat is due – which is 85 grams of 21 carat gold – and passed He owed it a full lunar year, and it was in excess of his owner’s necessary needs. Zakat was due at the rate of 2.5%.
And Dar Al-Iftaa continued: “Accordingly, and in the matter of the question: you must realize that usury has been forbidden by God Almighty, and that it is agreed upon that it is forbidden, and you must realize that the work of banks differed in their portrayal, conditioning, judgment and fatwas regarding them, and that you realize that going out From the disagreement it is desirable, and despite that you have the right to imitate the one who authorized it, and there is no prohibition for you at that time to deal through savings certificates.
