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﴿ فَاسْأَلُوا أَهْلَ الذِّكْرِ إِن كُنتُمْ لَا تَعْلَمُونَ ﴾

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Ownership of Lost Property and Its Effect on Completing the Nisab

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Question:
He says: Honorable Shaykh, may Allah grant you success, if one finds lost property and keeps it for a year, then takes ownership of it, is this ownership considered valid and taken into account for completing the nisab?

Answer:
Yes, it is valid ownership, and zakah is obligatory on it because it is your property. However, it is possible that its owner may come looking for it, and you do not know. The default ruling is that you own it after the passage of a lunar year, and the possibility that the owner may come is a chance that may not happen. Yes.
Source الفوزان -أشرطة- شرح زاد المستقنع مع الأسئلة - 031-كتاب الزكاة - 1 - 30-1-22 هـ — archive.org (35:34)

The Arabic text is a machine transcription of the audio recording.

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