Al Salam Alaikum,
@Mufti_Billal @Mohsin_from_IFG
Please I would like to know if the profits that I receive annually from my shares investment( in a Non-Islamic bank) can be used for Zakat. Given that it has 1.5% interest rate on them.
I know that Interest is haraam, yet I’m not sure if in this case I have to get rid of the whole amount i.e the profits that have interest added to them in the bank or I have to only remove the amount of interest that has accumulated over the period of 5 years.
Can you kindly let me know as I need to give Zakat and I’m stuck.
Thank you 