Is there zakah on shared money?

Question:
May Allah reward you. This questioner says: Shaykh, is there zakah on money shared among partners?

Answer:
It depends on the intention. If it is shared in a will or in an endowment, there is no zakah on it. But if it is for trade, or if it is money they are accumulating, and it reaches the nisab—meaning the share of each partner reaches the nisab—then each partner pays zakah on his share. And if they appoint one of them to pay the zakah on behalf of all of them, there is no harm in that. Yes.