The zakah of money deposited with a partner in a profit-sharing partnership
Machine translationRead the Arabic original
The questioner:
Peace be upon you and Allah's mercy and blessings.
The Shaykh:
I.
The presenter:
Good evening, brother 'Abd al-Karim, may I speak with Shaykh Salih?
The Shaykh:
Go ahead, go ahead, my brother Sa'ud.
The questioner:
Please. A question for Shaykh Salih, may Allah bless you all. I had a sum of one million riyals set aside for trade, and I entered into a profit-sharing partnership (mudarabah) with it exactly two years ago in Sha'ban of 1434, by agreement with the partner for only four months. However, the project was delayed for reasons beyond his control. Now, in Sha'ban of this year, that is after approximately two years, a sum of eight hundred thousand riyals has returned to me. The million and the rest of the capital, along with the profits, have not yet been returned to me, and the partner informed me that there are profits, if Allah wills, but after a period of time. My question to the Shaykh, may Allah bless you all, is how do I pay the zakah on the amount that is now in my possession, eight hundred thousand? Do I pay it for only one year, or for the two years that have passed? Knowing that the entire amount is an interest-free loan from my company, which I withdrew without interest for the purpose of trade. This is my first question. May Allah reward you with good.
The Shaykh:
My brother, you pay zakah on the money with its profits; the profits follow it. You pay zakah on it with its profits, giving one-quarter of a tenth of it. Yes.
The questioner:
The second question, my brother Sa'ud. For one year or for the two years that have passed? No, it is two years with the partner.
The Shaykh:
For all the years. But the profit is calculated with the capital from the time it is realized, with the capital, and you pay the zakah on the whole. Yes.
Peace be upon you and Allah's mercy and blessings.
The Shaykh:
I.
The presenter:
Good evening, brother 'Abd al-Karim, may I speak with Shaykh Salih?
The Shaykh:
Go ahead, go ahead, my brother Sa'ud.
The questioner:
Please. A question for Shaykh Salih, may Allah bless you all. I had a sum of one million riyals set aside for trade, and I entered into a profit-sharing partnership (mudarabah) with it exactly two years ago in Sha'ban of 1434, by agreement with the partner for only four months. However, the project was delayed for reasons beyond his control. Now, in Sha'ban of this year, that is after approximately two years, a sum of eight hundred thousand riyals has returned to me. The million and the rest of the capital, along with the profits, have not yet been returned to me, and the partner informed me that there are profits, if Allah wills, but after a period of time. My question to the Shaykh, may Allah bless you all, is how do I pay the zakah on the amount that is now in my possession, eight hundred thousand? Do I pay it for only one year, or for the two years that have passed? Knowing that the entire amount is an interest-free loan from my company, which I withdrew without interest for the purpose of trade. This is my first question. May Allah reward you with good.
The Shaykh:
My brother, you pay zakah on the money with its profits; the profits follow it. You pay zakah on it with its profits, giving one-quarter of a tenth of it. Yes.
The questioner:
The second question, my brother Sa'ud. For one year or for the two years that have passed? No, it is two years with the partner.
The Shaykh:
For all the years. But the profit is calculated with the capital from the time it is realized, with the capital, and you pay the zakah on the whole. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [2812] كيف يُزكَّى المال المُعد للمضاربة؟ وكيف تُزكَّى أرباحه؟ - صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.