Zakah on the funds of a savings association
Machine translationRead the Arabic original
The questioner : The questioner says: I am a member of a savings association where my turn to receive the funds does not come until the end of the year. Is zakah due on this money that circulates among us, or not?
The Shaykh : We need you to clarify for us how this association works. Who is the questioner? Okay, go ahead.
The questioner : Tawshah.
The Shaykh : A deduction, you mean?
The questioner : I mean, the first year. After it is established. Second, a trial with one unit. I mean, a turn per lunar year. Okay. I calculated everything at one thousand riyals per month.
The Shaykh : The first person takes from the accountant a portion of all their salaries. Yes. Each person for one month. Yes. He takes, perhaps, fifty or sixty thousand.
The questioner : That is what is meant.
The Shaykh : Okay, for example, to clarify the issue: suppose these are ten employees, each with a salary of ten thousand riyals. Two thousand riyals are deducted from each person and given to the first person, number one. He receives eighteen thousand, an increase of eighteen thousand over his salary. Yes, and so on for the second, third, and so forth. This means that each of them owes a debt of eighteen thousand to his colleagues. We say that if this man has spent the money he received before the completion of the lunar year, then no zakah is due on him. As for those who gave, zakah is due on them for what they gave.
Because if a creditor lends money to a wealthy person, zakah is obligatory on him regarding this debt. So now, if the one who takes spends what he took before the completion of the lunar year, he owes nothing. The one who pays has zakah due on him, because he is a creditor seeking repayment, and if the one from whom he seeks repayment is wealthy, zakah is obligatory on him for what he seeks from him.
The Shaykh : We need you to clarify for us how this association works. Who is the questioner? Okay, go ahead.
The questioner : Tawshah.
The Shaykh : A deduction, you mean?
The questioner : I mean, the first year. After it is established. Second, a trial with one unit. I mean, a turn per lunar year. Okay. I calculated everything at one thousand riyals per month.
The Shaykh : The first person takes from the accountant a portion of all their salaries. Yes. Each person for one month. Yes. He takes, perhaps, fifty or sixty thousand.
The questioner : That is what is meant.
The Shaykh : Okay, for example, to clarify the issue: suppose these are ten employees, each with a salary of ten thousand riyals. Two thousand riyals are deducted from each person and given to the first person, number one. He receives eighteen thousand, an increase of eighteen thousand over his salary. Yes, and so on for the second, third, and so forth. This means that each of them owes a debt of eighteen thousand to his colleagues. We say that if this man has spent the money he received before the completion of the lunar year, then no zakah is due on him. As for those who gave, zakah is due on them for what they gave.
Because if a creditor lends money to a wealthy person, zakah is obligatory on him regarding this debt. So now, if the one who takes spends what he took before the completion of the lunar year, he owes nothing. The one who pays has zakah due on him, because he is a creditor seeking repayment, and if the one from whom he seeks repayment is wealthy, zakah is obligatory on him for what he seeks from him.
Source
اللقاءات الرمضانية لعام 1411هـ - 4 — binothaimeen.net (33:02)
The Arabic text is a machine transcription of the audio recording.