The investment funds that have become widespread in banks: are they subject to zakah or not?
Machine translationRead the Arabic original
Question:
He says: Honorable Shaykh, may Allah grant you success, the investment funds that have become widespread in banks, are they subject to zakah or not?
Answer:
As I told you, I do not know how these investment matters work, nor the funds and banks. I do not issue a ruling on them because their nature, safety, and purity from what is forbidden have not become clear to me. Yes.
He says: Honorable Shaykh, may Allah grant you success, the investment funds that have become widespread in banks, are they subject to zakah or not?
Answer:
As I told you, I do not know how these investment matters work, nor the funds and banks. I do not issue a ruling on them because their nature, safety, and purity from what is forbidden have not become clear to me. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، [635 -2802] الصناديق الاستثمارية التي كثرت في البنوك، هل تُزكى أم لا؟ - الشيخ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.