We have cars that we own and then sell on monthly installments, and this money belongs to a group of people. We are confused about how to pay its zakah, knowing that this
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The questioner : He says: O honorable Shaykh! We have cars that we own and then sell on monthly installments, and this money belongs to a group of people. We are confused about how to pay its zakah, knowing that this money originally belonged to a group of people as an association. So when it exceeded our needs, we started buying cars and selling them on installments. How do we pay its zakah?
The Shaykh : Paying the zakah is easy. These partners should appoint one of them to handle the payment from the total amount of money, with each person responsible for his share. For example: if it is estimated to be one hundred thousand among ten people, we tell these ten: appoint one of you to pay the zakah from the one hundred thousand on behalf of everyone.
The questioner : And the car installments, he says.
The Shaykh : As for the car installments, it is like the case of non-partners, meaning: the debts you have with people. When the time for zakah arrives, count the money you have in your possession and count the debts people owe you, and pay the zakah on all of it so that you are relieved of it and it does not remain pending. However, if the debts are owed by a person who is insolvent and you cannot demand payment from him due to his insolvency, then there is no zakah on what he has until you receive it. Once you receive it, pay its zakah for one year, even if years have passed, because what is with the insolvent person is like non-existent. Yes.
The questioner : Peace be upon you.
The Shaykh : And upon you be peace.
The Shaykh : Paying the zakah is easy. These partners should appoint one of them to handle the payment from the total amount of money, with each person responsible for his share. For example: if it is estimated to be one hundred thousand among ten people, we tell these ten: appoint one of you to pay the zakah from the one hundred thousand on behalf of everyone.
The questioner : And the car installments, he says.
The Shaykh : As for the car installments, it is like the case of non-partners, meaning: the debts you have with people. When the time for zakah arrives, count the money you have in your possession and count the debts people owe you, and pay the zakah on all of it so that you are relieved of it and it does not remain pending. However, if the debts are owed by a person who is insolvent and you cannot demand payment from him due to his insolvency, then there is no zakah on what he has until you receive it. Once you receive it, pay its zakah for one year, even if years have passed, because what is with the insolvent person is like non-existent. Yes.
The questioner : Peace be upon you.
The Shaykh : And upon you be peace.