Zakah of Savings Groups Among Sisters
Machine translationRead the Arabic original
Question:
This questioner asks about savings groups among sisters. A group of women, fifteen in number, formed a savings group among themselves. Is zakah due on the amount?
Answer:
If this amount is not intended for investment, but rather for donating to those in need, then there is no zakah on it, because its destination is the same as the destination of zakah. However, if they are investing this amount and profits return to them from it, and they continue to invest it, then they must pay zakah on it along with its profits. They pay zakah on it together with its profits. Yes.
This questioner asks about savings groups among sisters. A group of women, fifteen in number, formed a savings group among themselves. Is zakah due on the amount?
Answer:
If this amount is not intended for investment, but rather for donating to those in need, then there is no zakah on it, because its destination is the same as the destination of zakah. However, if they are investing this amount and profits return to them from it, and they continue to invest it, then they must pay zakah on it along with its profits. They pay zakah on it together with its profits. Yes.
Source
قناة «مكة و المدينة»، 13 فتاوى على الهواء - 20 / 09 / 1433هـ _ الشيخ صالح الفوزان — youtube.com (27:45)
The Arabic text is a machine transcription of the audio recording.