Zakah on Family Savings Boxes
Machine translationRead the Arabic original
Question:
The questioner (may Allah protect you), Abu Fawwaz from al-Ta'if, says: What is the ruling on family savings boxes in which money is collected? Is zakah due on them?
Answer:
If they are not invested for the people who collected them, and they do not invest them nor does any profit return to them from them, but they only seek reward and recompense, then there is no zakah on them; because their destination is the destination of zakah. As for those that are invested for the shareholders, these are commercial, and zakah is due on the capital and on the profit. Yes.
The questioner (may Allah protect you), Abu Fawwaz from al-Ta'if, says: What is the ruling on family savings boxes in which money is collected? Is zakah due on them?
Answer:
If they are not invested for the people who collected them, and they do not invest them nor does any profit return to them from them, but they only seek reward and recompense, then there is no zakah on them; because their destination is the destination of zakah. As for those that are invested for the shareholders, these are commercial, and zakah is due on the capital and on the profit. Yes.
Source
نور على الدرب - الفوزان - 02/261 — archive.org (14:20)
The Arabic text is a machine transcription of the audio recording.