Authorizing the Islamic Bank to Pay the Zakah on the Saved Amount

The questioner:
He said: Honorable Shaykh, may Allah reward you, I have an amount in a bank account. Is it permissible to authorize the bank to pay the zakah on the amount saved with them?

The Shaykh:
Pay what?

The questioner:
We have an amount in an Islamic bank. Is it permissible to authorize the bank to pay the zakah on the amount saved in it?

The Shaykh:
If it is permissible to authorize someone to pay the zakah, and you have an amount in a company and you authorize that company to pay the zakah, or if it is part of the company's system—because it is known now that the system of companies is to pay the zakah on behalf of the shareholders—then there is no harm in that.

Another questioner:
Yes.

The Shaykh:
What is the intention? What is the intention? Investment? No, unless it is truly Islamic. If it is truly Islamic, and it deals only in what is lawful, then there is no harm. The name is not enough; the word "Islamic" today is applied to everything for the sake of coverage. You must study its system, study its system, and ask about it. Verify it. If it is established for you that it deals in what is permissible, then there is no obstacle. Yes.

The questioner:
A word.

The Shaykh:
Islamic? Do not take it for granted. Because they have become untrustworthy now, yes.