Saturday 27 Jumada al-akhirah 1446 - 28 December 2024
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How should zakaah be paid on investment accounts that contain both donated money and private funds?

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Publication : 26-03-1999

Views : 7519

Question

Islamic centers in the west often have investments (halal), mainly profits from joint partnerships and other non-share investments. Is zakah due on the profits of these investments and any other donations to the Islamic Center?
Jazak Allah.

Answer

Praise be to Allah.

This question was answered for us by Shaykh ‘Abd-Allaah ibn Qa’ood as follows:

The shareholders must pay zakaah on their own behalf, but no zakaah is due on the profits stemming from donations.

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Source: Islam Q&A - Sheikh Muhammed Salih Al-Munajjid