Is it obligatory to pay zakah on the association's funds at the end of the year?
Machine translationRead the Arabic original
Question:
A group of people work together in an association where they collect a sum of money at the beginning of each month, and each month a person takes this association's funds. So, at the end of the year, if this sum has accumulated with one person, is it permissible for him to pay zakah on it? It is known that it reaches the nisab, but a lunar year has not passed over it.
Answer:
I do not see this transaction as valid in the first place. This is a loan that yields benefit. I advise you to leave this practice because it is a loan that yields benefit. Each person lends in order to borrow from them. It is a conditional loan within a loan. This is not permissible.
A group of people work together in an association where they collect a sum of money at the beginning of each month, and each month a person takes this association's funds. So, at the end of the year, if this sum has accumulated with one person, is it permissible for him to pay zakah on it? It is known that it reaches the nisab, but a lunar year has not passed over it.
Answer:
I do not see this transaction as valid in the first place. This is a loan that yields benefit. I advise you to leave this practice because it is a loan that yields benefit. Each person lends in order to borrow from them. It is a conditional loan within a loan. This is not permissible.
Source
قناة «العلامة الدكتور صالح الفوزان»، هل يجب إخراج الزكاة عن مال الجمعية في نهاية العام؟ #فتاوى الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.