Zakah on the value of a machine bought by a group of doctors in installments

Q 1: We are a group of doctors. We bought a scanner machine used in the medical field. We paid for it through loans from the bank, and are to repay this debt (which amounts to 500 million Moroccan Riyals) over a specified period of 5 years. Not only can we repay these amounts to the bank, but we can also get more money than that fulfilling the conditions of Zakah (obligatory charity) (i.e. Nisab (the minimum amount on which Zakah is due) and Hawl (one lunar year calculated from the time the property reaches the minimum amount upon which Zakah is due)). Should we pay Zakah on the gross profit? It should be known that the machine we have bought is the only machine available in the south of Morocco, which includes more than five cities. Please guide us in this matter. May Allah reward you with the best. A 1: It is obligatory to pay Zakah on the yields of the mentioned machine that you save provided a Hawl has passed while it is in your possession and the share of each of the participants reaches the Nisab. It is permissible for the partners to authorize just one person to pay Zakah (Part No. 8; Page No. 157


A 1: It is obligatory to pay Zakah on the yields of the mentioned machine that you save provided a Hawl has passed while it is in your possession and the share of each of the participants reaches the Nisab. It is permissible for the partners to authorize just one person to pay Zakah (Part No. 8; Page No. 157) on behalf of them all, and this person represents them in giving it to the categories of Zakah recipients.


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