What do I need to know about speculative profits? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What do I need to know about speculative profits?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

If you have profits from a Mudaraba account, keep a statement showing the balance, profits, and the date they were earned.

Including these profits in the Zakat calculation is determined along with the rest of your assets, not just based on the profit figure alone.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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