The Ruling on the Zakah of the Family Fund

Question:
Also, among the questions, Shaykh Salih, this questioner says: The family fund that we collect every year, is zakah obligatory in it if a lunar year has passed over it?

Answer:
These funds are among the works of good, involving assistance and support for the needy relative. As for its zakah, it does not escape one of two matters: either the money in these funds does not belong to anyone, meaning the family members have put this money into the fund and do not expect the money to return to them, but rather they have donated it; in this case, there is no zakah in it because the money does not belong to anyone. However, if the money in this fund is owned by known individuals and the fund is designated to lend to those in need among the family members, then zakah is obligatory in the aforementioned fund because it has not exited the ownership of its owners; rather, it is in the ruling of a loan. Yes.