The Ruling on the Zakah of Money Invested in the Purchase of a Hospital and Its Profits
Machine translationRead the Arabic original
The questioner : Is the money that was invested in purchasing and operating a hospital subject to zakah, or are only its profits subject to zakah? And what is the ruling on paying zakah on shares in investment companies, where a share may represent a building, a car, or something else?
The Shaykh : Yes. First, we must know that zakah in companies, investments, and hospitals is obligatory only on money. As for tangible assets, it is not obligatory on them unless one intends to trade with them. If one intends to trade with them, they are considered trade goods. However, if one intends to develop them, then zakah is not obligatory on the tangible assets of the investments, but the money is subject to zakah.
The presenter : This is good.
The Shaykh : If the house of the claimant is erased.
The Shaykh : Yes. First, we must know that zakah in companies, investments, and hospitals is obligatory only on money. As for tangible assets, it is not obligatory on them unless one intends to trade with them. If one intends to trade with them, they are considered trade goods. However, if one intends to develop them, then zakah is not obligatory on the tangible assets of the investments, but the money is subject to zakah.
The presenter : This is good.
The Shaykh : If the house of the claimant is erased.
Source
اللقاءات الرمضانية لعام 1412هـ - 3 — binothaimeen.net (22:06)
The Arabic text is a machine transcription of the audio recording.