Ruling on Establishing a Waqf Project with Zakah Funds
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Question : The questioner says: Is it permissible to establish a project with zakah funds and make it a waqf (endowment) for the poor?
Answer : Yes, it is not permissible. That is, it is not permissible for a person to establish a project and make its profits and investment for the poor, because the purpose of zakah is to meet the needs of the needy now. If you have, for example, five hundred thousand and you use it to build this project, you have deprived the poor who are currently present, and they are more deserving of it than those who will appear in the future. However, if they are voluntary charities (sadaqah), the matter is broader regarding them. But as for zakah, it is not permissible to establish projects with it to be utilized for the poor in the future. Yes.
Answer : Yes, it is not permissible. That is, it is not permissible for a person to establish a project and make its profits and investment for the poor, because the purpose of zakah is to meet the needs of the needy now. If you have, for example, five hundred thousand and you use it to build this project, you have deprived the poor who are currently present, and they are more deserving of it than those who will appear in the future. However, if they are voluntary charities (sadaqah), the matter is broader regarding them. But as for zakah, it is not permissible to establish projects with it to be utilized for the poor in the future. Yes.
Source
قناة «فضيلة الشيخ محمد بن صالح العثيمين»، لقاء[117 من 145] حكم عمل مشروع وقفي من أموال الزكاة - الشيخ ابن عثيمين - مشروع كبار العلماء — youtube.com
The Arabic text is a machine transcription of the audio recording.
