Question

Zakah on public money

253

Question

Is Zakaah due on state funds and the money of banks and the companies owned by banks?

Related Fatwa

Ruling on Using Fundraising Proceeds for Event Expenses

The entrusted does not guarantee damage unless he has transgressed or was negligent

Wants to Give Zakat Money to His Indebted Brother

Giving Zakat to People Affected by Natural Disasters Such as Earthquake, Flood, and Fire

Zakat on Purchased Property

The Money of Zakat Is Paid Out to Its Beneficiaries in Cash

No Zakaah on money in possession less than lunar year

Accepted Answer

All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad, sallallaahu ‘alayhi wa sallam, is His Slave and Messenger.

Zakah is not due on the public money of the state, including its banks and investment companies, since the scholars determined, among the conditions that Zakah is due, that the money should have an owner, which is not true for public money.

Allaah Knows best.

Fatwa

Zakah on public money

Question

Answer

Related Fatwa

Ruling on Using Fundraising Proceeds for Event Expenses

The entrusted does not guarantee damage unless he has transgressed or was negligent

Wants to Give Zakat Money to His Indebted Brother

Giving Zakat to People Affected by Natural Disasters Such as Earthquake, Flood, and Fire

Zakat on Purchased Property

The Money of Zakat Is Paid Out to Its Beneficiaries in Cash

No Zakaah on money in possession less than lunar year

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