Ruling on disposing of a Luqatah

A: This is considered a luqatah (a lost item found by someone else). It should be announced for a whole year, if it has value and is worthy enough. If its owner does not show up, it is permissible for the person who finds it to give its value as Sadaqah (voluntary charity) on behalf of its owner, (Part No. 15; Page No. 450) or spend it in any form of charity. If its owner shows up, they should be told what happened. If they accept it, it will be fine. Otherwise, they should be given its value, and the reward goes to the one who gave the Sadaqah. The person who finds it can also keep it if they want after a year has passed. If its owner shows up, the same applies. May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.