The Zakah of the Family Fund
Machine translationRead the Arabic original
Question:
Honorable Shaykh, we bear witness to your love for Allah. We ask Allah to prolong your life in His obedience. Amen. Amen. May Allah reward you with good, Shaykh 'Abd al-Karim. Shaykh, I have three questions. The first question: We have a family fund, is zakah due on it? Okay, the Shaykh will answer.
Answer:
If this family fund is intended for investment and the return to the contributors, then there is zakah on it because it is commercial. However, if it is intended for donation and helping the needy, and nothing of it returns to the founders, and their aim is only assistance and reward and recompense, then there is no zakah on it, because its distribution is the distribution of zakah. Yes.
Honorable Shaykh, we bear witness to your love for Allah. We ask Allah to prolong your life in His obedience. Amen. Amen. May Allah reward you with good, Shaykh 'Abd al-Karim. Shaykh, I have three questions. The first question: We have a family fund, is zakah due on it? Okay, the Shaykh will answer.
Answer:
If this family fund is intended for investment and the return to the contributors, then there is zakah on it because it is commercial. However, if it is intended for donation and helping the needy, and nothing of it returns to the founders, and their aim is only assistance and reward and recompense, then there is no zakah on it, because its distribution is the distribution of zakah. Yes.
Source
قناة «مكة و المدينة»، 01 / فتاوى على الهواء - 10 01 1435هـ _ الشيخ صالح الفوزان — youtube.com (21:54)
The Arabic text is a machine transcription of the audio recording.