Is there zakah on a shared amount in a fund for several people?
Machine translationRead the Arabic original
The questioner : The second question, Shaykh Muhammad. We have young men who contribute to a fund. I say, we are young men who contribute a certain amount.
The Shaykh : We contribute.
The questioner : A fund for young men.
The Shaykh : Yes.
The questioner : It is assistance, meaning if anyone needs this amount, he takes it and returns it. O Shaykh Muhammad?
The Shaykh : No, there is no question.
The questioner : And we have a fund for young men where we pay one hundred riyals monthly. If anyone needs a part of this amount, he takes it on the condition that he returns it, because this amount has completed a lunar year. Is there zakah on it?
The Shaykh : Yes, there is zakah because it is still your property. Yes.
The Shaykh : We contribute.
The questioner : A fund for young men.
The Shaykh : Yes.
The questioner : It is assistance, meaning if anyone needs this amount, he takes it and returns it. O Shaykh Muhammad?
The Shaykh : No, there is no question.
The questioner : And we have a fund for young men where we pay one hundred riyals monthly. If anyone needs a part of this amount, he takes it on the condition that he returns it, because this amount has completed a lunar year. Is there zakah on it?
The Shaykh : Yes, there is zakah because it is still your property. Yes.
Source
قناة «فضيلة الشيخ محمد بن صالح العثيمين»، 850- هل على المبلغ المشترك في صندوق لعدة اشخاص زكاة ؟/سؤال على الهاتف 📞 /ابن عثيمين — youtube.com
The Arabic text is a machine transcription of the audio recording.