Zakah on Shared Capital in Trade
Machine translationRead the Arabic original
Question:
The questioner says: Shaykh, I heard that shared money is not subject to zakah. My brothers and I have a fund, and we use this money to trade by buying houses. Is zakah due on it?
Answer:
What you heard is incorrect. Zakah becomes obligatory on money when it reaches the nisab (minimum threshold). Therefore, each partner pays zakah on his share. If his share reaches the nisab, he is required to pay zakah on it. If it is less than the nisab, there is no zakah on it. Yes.
The presenter:
May Allah reward you.
The questioner says: Shaykh, I heard that shared money is not subject to zakah. My brothers and I have a fund, and we use this money to trade by buying houses. Is zakah due on it?
Answer:
What you heard is incorrect. Zakah becomes obligatory on money when it reaches the nisab (minimum threshold). Therefore, each partner pays zakah on his share. If his share reaches the nisab, he is required to pay zakah on it. If it is less than the nisab, there is no zakah on it. Yes.
The presenter:
May Allah reward you.
Source
نور على الدرب - الفوزان - 02/248 — archive.org (9:22)
The Arabic text is a machine transcription of the audio recording.