What is taken from students in the name of insurance: is it subject to zakah?
Machine translationRead the Arabic original
Q: In the university housing system for students, a fee is taken from each studentan insurance amount of five hundred (500 riyals)as insurance for the housing furniture. If the student damages any of it, the cost is deducted from the insurance. If he does not damage it, it is returned to the students after they vacate the housing. It is known that the student has no right to dispose of it during the period of residence, which may exceed four years. Is zakah due on this insurance if a lunar year passes over it?
A: Zakah is obligatory on the amount in question at the end of every lunar year, because ownership of its owner is established over it.
A: Zakah is obligatory on the amount in question at the end of every lunar year, because ownership of its owner is established over it.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.