Is the endowment (waqf) designated for a specific person subject to zakah or not?
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The questioner : May Allah forgive you. Is there zakah in the wealth of an endowment (waqf) designated for a specific person? For example: someone who bequeaths something after his death and specifies that certain items be distributed from its proceeds, with the remainder going to charitable works? May Allah forgive you.
The Shaykh : If the endowment (waqf) is real estate, there is no zakah in it, just as if it were owned property, such as if one endows
He asks, saying: This questioner asks, saying: Is there zakah on an endowment (waqf) designated for a specific person?
The answer: We say that if the endowment (waqf) is real estate, there is no zakah in it, because this endowment (waqf) is not his complete property. Therefore, it is not permissible for the beneficiary to dispose of it by selling or gifting it, nor even by pledging it, and there is no dispute in this. However, the question remains: if the endowment (waqf) is for a charitable cause and has a large amount of proceeds, is there zakah in its proceeds?
The answer: No, there is no zakah in it, because it does not have a specific owner, and one of the conditions for the obligation of zakah is that the wealth must have a specific owner.
The Shaykh : If the endowment (waqf) is real estate, there is no zakah in it, just as if it were owned property, such as if one endows
He asks, saying: This questioner asks, saying: Is there zakah on an endowment (waqf) designated for a specific person?
The answer: We say that if the endowment (waqf) is real estate, there is no zakah in it, because this endowment (waqf) is not his complete property. Therefore, it is not permissible for the beneficiary to dispose of it by selling or gifting it, nor even by pledging it, and there is no dispute in this. However, the question remains: if the endowment (waqf) is for a charitable cause and has a large amount of proceeds, is there zakah in its proceeds?
The answer: No, there is no zakah in it, because it does not have a specific owner, and one of the conditions for the obligation of zakah is that the wealth must have a specific owner.