Zakah on a cooperative fund established for serving its members

A: It is obligatory to pay Zakah on the money of the aforementioned fund upon the elapse of every Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due) through evaluating the commodities in its possession that are offered for sale according to their current market price at the completion of a Hawl, in addition to the cash amounts that are in the fund, which are added to the estimated value of the commodities and 2.5% is paid of the total as Zakah, i.e. two and a half Riyals for every hundred Riyals.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.