What is the ruling if a member of a cooperative society dies?
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Question:
We have reviewed the fatwa issued by the Council of Senior Scholars permitting what is called cooperative societies. The question is: What is the ruling if one of its members dies and leaves his job? And is zakah due on the last one or the one before it if he receives it, since it has been in his possession for nearly a year?
Answer:
This is a loan. If he dies, he is given his right. If he dies and has a loan, it is taken from him. And if he dies and has something, it is given to him from the loans and what people are accustomed to, such as borrowing twenty thousand, ten thousand each month. Likewise, if he dies and has something, it is given to him. And if he has something owed to him, it is taken from his estate, just like other debts.
We have reviewed the fatwa issued by the Council of Senior Scholars permitting what is called cooperative societies. The question is: What is the ruling if one of its members dies and leaves his job? And is zakah due on the last one or the one before it if he receives it, since it has been in his possession for nearly a year?
Answer:
This is a loan. If he dies, he is given his right. If he dies and has a loan, it is taken from him. And if he dies and has something, it is given to him from the loans and what people are accustomed to, such as borrowing twenty thousand, ten thousand each month. Likewise, if he dies and has something, it is given to him. And if he has something owed to him, it is taken from his estate, just like other debts.
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.