Zakah on the capital of a family cooperative society


A: If this society is based on investment, Zakah will be due on its capital if it reaches the Nisab (the minimum amount on which Zakah is due) and the Hawl has passed. The same applies to profits. However, if it is a non-profit-making society whose profits are not earned by shareholders and will be given in charity if the project incurs a loss, no Zakah will be due on it.May Allah grant us success. May peace and blessings be upon our Prophet Muhammad, his family, and Companions.

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